Short Interest in Ottawa Savings Bancorp Inc (NASDAQ:OTTW) Increases By 5.1%

Ottawa Savings Bancorp Inc (NASDAQ:OTTW) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 4,100 shares, an increase of 5.1% from the April 30th total of 3,900 shares. Based on an average daily volume of 3,400 shares, the short-interest ratio is presently 1.2 days. Approximately 0.2% of the company’s shares are sold short.

NASDAQ:OTTW traded down $0.25 on Friday, hitting $10.25. The stock had a trading volume of 1,800 shares, compared to its average volume of 3,933. The business’s fifty day moving average is $10.19 and its 200 day moving average is $12.67. The company has a market cap of $32.77 million, a PE ratio of 19.34 and a beta of 0.44. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.28. Ottawa Savings Bancorp has a 52 week low of $9.32 and a 52 week high of $14.50.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.32 annualized dividend and a yield of 3.12%. This is a positive change from Ottawa Savings Bancorp’s previous quarterly dividend of $0.06.

Separately, ValuEngine lowered Ottawa Savings Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

Ottawa Savings Bancorp Company Profile

Ottawa Bancorp, Inc operates as the holding company for Ottawa Savings Bank, a chartered savings bank that provides various financial services to individual and corporate customers in Illinois. The company offers various deposit accounts, including checking, money market, regular savings, club savings, certificate, and various retirement accounts.

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