NSTS Bancorp, Inc. (NASDAQ:NSTS) Sees Significant Decline in Short Interest

Key Points

• NSTS Bancorp saw a significant decrease in short interest, dropping by 63.8% from 13,000 shares to 4,700 shares in September.
• The company's recent earnings report revealed an earnings per share (EPS) of ($0.05) and a negative net margin of 6.17%.
• Weiss Ratings maintained a "sell (d-)" rating on NSTS Bancorp, indicating a generally negative outlook from Wall Street analysts.

NSTS Bancorp, Inc. (NASDAQ:NSTS - Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 4,700 shares, a decrease of 63.8% from the September 15th total of 13,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.1% of the shares of the company are sold short.

NSTS Bancorp Trading Down 0.7%

Shares of NASDAQ:NSTS traded down $0.08 on Friday, reaching $11.17. 4,072 shares of the company's stock were exchanged, compared to its average volume of 3,572. The company has a fifty day moving average of $11.77 and a 200-day moving average of $11.91. NSTS Bancorp has a twelve month low of $10.80 and a twelve month high of $13.32. The company has a market capitalization of $58.53 million, a price-to-earnings ratio of -69.81 and a beta of 0.13.

NSTS Bancorp (NASDAQ:NSTS - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. NSTS Bancorp had a negative return on equity of 1.04% and a negative net margin of 6.17%.The business had revenue of $2.54 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of NSTS Bancorp in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".

About NSTS Bancorp

NSTS Bancorp, Inc operates as a savings and loan holding company for North Shore Trust and Savings that provides banking products and services in Illinois. The company offers interest-bearing and noninterest-bearing checking, money market, savings, and time deposit accounts; and one- to four-family residential mortgage, multi-family and commercial real estate mortgage, construction, home equity, and consumer loans.

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