Short Interest in South Atlantic Bancshares, Inc. (OTCMKTS:SABK) Grows By 75.0%

Key Points

• Short interest in South Atlantic Bancshares, Inc. (OTCMKTS:SABK) increased by 75.0% in July, rising from 400 to 700 shares.
• The company reported an earnings per share (EPS) of $0.48 for the last quarter, exceeding expectations of $0.45, with revenue reaching $15.13 million.
• As of now, South Atlantic Bancshares has a market capitalization of $123.75 million and its stock price recently traded around $16.50.

South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 700 shares, agrowthof75.0% from the July 15th total of 400 shares. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is currently 0.1 days. Currently,0.0% of the company's shares are sold short. Currently,0.0% of the company's shares are sold short. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is currently 0.1 days.

South Atlantic Bancshares Price Performance

OTCMKTS:SABK traded up $0.03 during mid-day trading on Monday, reaching $16.50. The stock had a trading volume of 111 shares, compared to its average volume of 3,858. South Atlantic Bancshares has a 12 month low of $13.30 and a 12 month high of $20.10. The stock has a 50-day simple moving average of $16.05 and a two-hundred day simple moving average of $15.51. The stock has a market capitalization of $123.75 million, a PE ratio of 9.94 and a beta of 0.18.

South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $15.13 million during the quarter, compared to the consensus estimate of $13.92 million. Equities analysts expect that South Atlantic Bancshares will post 1.35 EPS for the current year.

South Atlantic Bancshares Company Profile

South Atlantic Bancshares, Inc operates as the bank holding company for South Atlantic Bank that provides consumer and commercial banking products and services to individuals, small businesses, and corporations in South Carolina. The company offers checking, money market, and saving accounts, as well as certificate of deposit, individual retirement, and health saving accounts; personal, auto, and recreation loans, as well as home equity and ready reserve overdraft line of credits, and commercial lending products; and credit cards.

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