Summit State Bank (NASDAQ:SSBI) Short Interest Up 67.9% in October

Summit State Bank (NASDAQ:SSBI - Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,900 shares, an increase of 67.9% from the September 30th total of 5,300 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 9,700 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 9,700 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the shares of the company are short sold.Get Summit State Bank alerts:Analysts Set New Price TargetsSeparately, Weiss Ratings reissued a "sell (d+)" rating on shares of Summit State Bank in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Summit State Bank has a consensus rating of "Sell".Check Out Our Latest Analysis on Summit State BankInstitutional Inflows and OutflowsAn institutional investor recently raised its position in Summit State Bank stock. M3F Inc. grew its holdings in Summit State Bank (NASDAQ:SSBI - Free Report) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 301,433 shares of the bank's stock after buying an additional 1,433 shares during the quarter. Summit State Bank accounts for approximately 0.8% of M3F Inc.'s holdings, making the stock its 23rd biggest holding. M3F Inc. owned 4.45% of Summit State Bank worth $2,782,000 at the end of the most recent quarter. Summit State Bank Trading Up 0.8%NASDAQ:SSBI traded up $0.09 during trading hours on Friday, hitting $10.86. 46,317 shares of the company traded hands, compared to its average volume of 16,198. The stock has a market capitalization of $73.60 million, a price-to-earnings ratio of -83.50 and a beta of 0.21. Summit State Bank has a twelve month low of $6.14 and a twelve month high of $12.60. The firm has a 50-day moving average of $11.82 and a 200 day moving average of $10.86. Summit State Bank (NASDAQ:SSBI - Get Free Report) last released its earnings results on Wednesday, October 29th. The bank reported $0.12 EPS for the quarter. The company had revenue of $9.55 million for the quarter. About Summit State Bank (Get Free Report)Summit State Bank engages in providing an array of financial services to small and medium-sized businesses, their owners and employees, entrepreneurs, high net worth families, foundations, estates, and individual consumers. It specializes in business services, personal accounts, nonprofit programs, and mobile banking ranging from lending, checking, merchant, eBanking, automated teller machines, equity loans, and others.Featured ArticlesFive stocks we like better than Summit State BankWhat is a Low P/E Ratio and What Does it Tell Investors?ABBV Stock: $250 May Be the New Floor After Big Q3 Earnings BeatHow Can Retail Investors Trade the Toronto Stock Exchange (TSX)?Super Micro's Moment of Truth: A Growth Story Under PressureBusiness Services Stocks InvestingPalantir Breaks Out: Why PLTR Stock May Rally Into Year-EndThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Summit State Bank Right Now?Before you consider Summit State Bank, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Summit State Bank wasn't on the list.While Summit State Bank currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here