Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Short Interest Down 44.0% in July

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 126 shares, a decline of 44.0% from the July 15th total of 225 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 532 shares, the days-to-cover ratio is currently 0.2 days.

Southern Michigan Bancorp Stock Performance

SOMC opened at $31.00 on Wednesday. The stock has a market cap of $144.15 million, a P/E ratio of 11.74 and a beta of 0.20. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s 50 day simple moving average is $31.44 and its 200 day simple moving average is $28.32. Southern Michigan Bancorp has a 1-year low of $22.10 and a 1-year high of $32.00.

Southern Michigan Bancorp (OTCMKTS:SOMC) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.66 earnings per share for the quarter. The firm had revenue of $16.19 million during the quarter. Southern Michigan Bancorp had a return on equity of 10.21% and a net margin of 12.60%.

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.