Southern Banc Co. (OTCMKTS:SRNN) Short Interest Up 136.2% in June

Southern Banc Co. (OTCMKTS:SRNN) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,552 shares, an increase of 136.2% from the June 15th total of 657 shares. Based on an average trading volume of 1,509 shares, the short-interest ratio is currently 1.0 days. Currently, 0.2% of the company’s shares are short sold.

Southern Banc Price Performance

OTCMKTS SRNN opened at $15.95 on Thursday. The company has a market cap of $12.92 million, a P/E ratio of 11.39 and a beta of -0.06. The stock has a 50-day moving average of $14.37 and a two-hundred day moving average of $12.26. Southern Banc has a 1-year low of $9.71 and a 1-year high of $16.76.

Southern Banc (OTCMKTS:SRNN) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $2.53 million for the quarter. Southern Banc had a net margin of 8.42% and a return on equity of 6.13%.

About Southern Banc

The Southern Banc Company, Inc operates as the holding company for The Southern Bank company that provides various banking products and services in Alabama. The company’s personal banking products include checking accounts, home mortgage loans, home equity loans, auto loans, and personal loans. Its business banking products comprise business checking accounts, cash flow management, real estate lending, and equipment financing. The Southern Banc Company, Inc was founded in 1936 and is based in Gadsden, Alabama.