Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Short Interest Update

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 252 shares, a drop of 56.3% from the April 15th total of 576 shares. Based on an average daily trading volume, of 3,305 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Southern Michigan Bancorp Stock Up 1.6%

SOMC stock opened at $28.50 on Friday. Southern Michigan Bancorp has a twelve month low of $18.93 and a twelve month high of $28.94. The company has a market cap of $132.61 million, a PE ratio of 10.63 and a beta of 0.19. The business’s 50-day simple moving average is $26.18 and its 200 day simple moving average is $25.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09.

Southern Michigan Bancorp (OTCMKTS:SOMC) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.71 earnings per share for the quarter. Southern Michigan Bancorp had a return on equity of 10.60% and a net margin of 13.00%.The business had revenue of $15.33 million for the quarter.

Southern Michigan Bancorp Company Profile

Southern Michigan Bancorp, Inc is the bank holding company for Southern Michigan Bank & Trust Company, a community-focused financial institution headquartered in Coldwater, Michigan. SOMC provides a broad range of banking services to individuals, families and local businesses, with an emphasis on personalized service and local decision-making.

The company’s primary business activities include commercial lending, real estate financing, agricultural loans and consumer banking solutions. Its lending portfolio serves small- and mid-sized businesses, residential and commercial real estate projects, and agricultural enterprises.