Bank Short Interest Declines
September Short Interest Reports Reveal Declines Across Several Regional Banks and Institutions
Anonymous
September short-interest reports showed declines at Southern Michigan Bancorp, BEO Bancorp and Spain’s Banco de Sabadell. As of Sept. 15, Southern Michigan had 45 shares sold short, down 64% from Aug. 31, while BEO had 47, down 76.8%, and Banco de Sabadell had 3,476, down 63.2%. University Bancorp reported 200 shares sold short as of Sept. 15; the report described this as a large increase but did not provide a comparison figure. Short interest represented about 0% of shares at the three U.S. banks, while Banco de Sabadell’s short-interest ratio was 2.2 days.
Key Points
1
University Bancorp’s 200 shares sold short equated to a short-interest ratio of 0.2 days, based on average daily trading volume of 1,320 shares.
2
Southern Michigan Bancorp reported quarterly earnings per share of $0.66, revenue of $16.19 million, return on equity of 10.09% and a net margin of 12.60%.
3
BEO Bancorp reported quarterly earnings of $2.01 per share; the company’s principal subsidiary, Bank of Eastern Oregon, serves rural communities in eastern Oregon and nearby southeastern Washington.
4
Banco de Sabadell opened at $8.79, with a 50-day moving average of $8.33 and a 200-day moving average of $7.70; its reported one-year trading range was $6.15 to $8.99.
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