Short Interest in Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Expands By 50.0%

Key Points

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Southern Michigan Bancorp Inc. (OTCMKTS:SOMC - Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 600 shares, agrowthof50.0% from the July 15th total of 400 shares. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 0.1 days. Currently,0.0% of the shares of the company are sold short.

Southern Michigan Bancorp Stock Performance

Shares of Southern Michigan Bancorp stock remained flat at $23.00 on Friday. The stock had a trading volume of 2,750 shares, compared to its average volume of 1,073. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a fifty day moving average price of $22.23 and a 200-day moving average price of $20.23. The stock has a market capitalization of $106.49 million, a price-to-earnings ratio of 9.20 and a beta of 0.09. Southern Michigan Bancorp has a fifty-two week low of $16.75 and a fifty-two week high of $24.00.

Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $0.70 EPS for the quarter. Southern Michigan Bancorp had a return on equity of 10.74% and a net margin of 13.02%.The firm had revenue of $14.45 million for the quarter.

Southern Michigan Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, July 7th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.8%. Southern Michigan Bancorp's payout ratio is currently 25.60%.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs.