Short Interest in NSTS Bancorp, Inc. (NASDAQ:NSTS) Declines By 45.3%

NSTS Bancorp, Inc. (NASDAQ:NSTS) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 7,600 shares, a drop of 45.3% from the February 13th total of 13,900 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 4,300 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kovitz Investment Group Partners LLC purchased a new stake in NSTS Bancorp in the 3rd quarter worth about $414,000. Geode Capital Management LLC increased its holdings in shares of NSTS Bancorp by 33.0% in the 3rd quarter. Geode Capital Management LLC now owns 38,651 shares of the company’s stock valued at $400,000 after purchasing an additional 9,597 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of NSTS Bancorp in the fourth quarter worth approximately $170,000. M3F Inc. acquired a new stake in shares of NSTS Bancorp during the fourth quarter worth approximately $469,000. Finally, Northern Trust Corp grew its position in NSTS Bancorp by 52.5% during the fourth quarter. Northern Trust Corp now owns 25,713 shares of the company’s stock valued at $303,000 after purchasing an additional 8,854 shares in the last quarter. Hedge funds and other institutional investors own 23.70% of the company’s stock.

NSTS Bancorp Price Performance

NASDAQ NSTS traded down $0.14 on Friday, hitting $11.90. 4,065 shares of the stock were exchanged, compared to its average volume of 3,893. The company’s 50-day moving average price is $12.19 and its two-hundred day moving average price is $11.31. NSTS Bancorp has a 52-week low of $9.35 and a 52-week high of $13.32. The company has a market capitalization of $62.59 million, a price-to-earnings ratio of -13.22 and a beta of 0.04.

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.