Elmer Bancorp, Inc. (OTCMKTS:ELMA) Sees Large Drop in Short Interest

Elmer Bancorp, Inc. (OTCMKTS:ELMA) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 134 shares, a drop of 42.7% from the May 14th total of 234 shares. Based on an average trading volume of 613 shares, the short-interest ratio is currently 0.2 days.

Elmer Bancorp Stock Performance

Shares of OTCMKTS:ELMA remained flat at $24.85 during mid-day trading on Monday. Elmer Bancorp has a fifty-two week low of $20.60 and a fifty-two week high of $26.25. The firm’s 50-day simple moving average is $24.50 and its two-hundred day simple moving average is $23.73.

About Elmer Bancorp

Elmer Bancorp, Inc is the bank holding company for Elmer Bank, N.A., a New Jersey-chartered commercial bank focused on community banking services. Headquartered in Elmer, New Jersey, the company provides a range of deposit and lending products designed to meet the needs of individuals, small businesses and agricultural clients. Its core activities include accepting various deposit accounts, making commercial and residential loans, and offering treasury management solutions.

Elmer Bank’s product suite encompasses traditional banking offerings such as checking and savings accounts, certificates of deposit and money market accounts, alongside lending services including commercial real estate mortgages, construction loans, agricultural financing and consumer installment loans.