Short Interest in NSTS Bancorp, Inc. (NASDAQ:NSTS) Declines By 20.6%

NSTS Bancorp, Inc. (NASDAQ:NSTS) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 13,900 shares, a drop of 20.6% from the January 31st total of 17,500 shares. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On NSTS Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of NSTS Bancorp by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 40,740 shares of the company’s stock valued at $471,000 after buying an additional 2,089 shares during the period. Northern Trust Corp boosted its holdings in NSTS Bancorp by 52.5% in the fourth quarter. Northern Trust Corp now owns 25,713 shares of the company’s stock worth $303,000 after acquiring an additional 8,854 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of NSTS Bancorp in the fourth quarter worth $170,000. M3F Inc. purchased a new position in shares of NSTS Bancorp in the fourth quarter worth $469,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of NSTS Bancorp in the third quarter worth $414,000. 23.70% of the stock is currently owned by institutional investors.

NSTS Bancorp Stock Performance

NSTS traded up $0.09 on Tuesday, hitting $12.31. 1,487 shares of the company were exchanged, compared to its average volume of 4,052. The firm has a fifty day simple moving average of $12.12 and a two-hundred day simple moving average of $11.20. NSTS Bancorp has a 12 month low of $9.35 and a 12 month high of $13.32. The stock has a market capitalization of $64.75 million, a PE ratio of -13.68 and a beta of 0.05.

NSTS Bancorp Company Profile

NSTS Bancorp, Inc operates as a savings and loan holding company for North Shore Trust and Savings that provides banking products and services in Illinois. The company offers interest-bearing and noninterest-bearing checking, money market, savings, and time deposit accounts; and one- to four-family residential mortgage, multi-family and commercial real estate mortgage, construction, home equity, and consumer loans.