South Atlantic Bancshares, Inc. (OTCMKTS:SABK) Short Interest Up 100.0% in January

South Atlantic Bancshares, Inc. (OTCMKTS:SABK) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 200 shares, an increase of 100.0% from the December 31st total of 100 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 0.0 days.

South Atlantic Bancshares Price Performance

OTCMKTS SABK traded down $0.23 during trading on Friday, hitting $15.65. The company’s stock had a trading volume of 3,342 shares, compared to its average volume of 3,620. South Atlantic Bancshares has a fifty-two week low of $10.45 and a fifty-two week high of $20.10. The company has a market cap of $118.45 million, a PE ratio of 13.15 and a beta of 0.38. The business’s 50 day simple moving average is $15.70 and its 200-day simple moving average is $14.78.

South Atlantic Bancshares (OTCMKTS:SABK) last issued its earnings results on Thursday, January 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Analysts expect that South Atlantic Bancshares will post 1.35 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Janney Montgomery Scott raised shares of South Atlantic Bancshares from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, December 3rd.

South Atlantic Bancshares Company Profile

South Atlantic Bancshares, Inc operates as the bank holding company for South Atlantic Bank that provides consumer and commercial banking products and services to individuals, small businesses, and corporations in South Carolina. The company offers checking, money market, and saving accounts, as well as certificate of deposit, individual retirement, and health saving accounts; personal, auto, and recreation loans, as well as home equity and ready reserve overdraft line of credits, and commercial lending products; and credit cards.