Ottawa Bancorp, Inc. (OTCMKTS:OTTW) Sees Large Growth in Short Interest

Ottawa Bancorp, Inc. (OTCMKTS:OTTW) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,900 shares, an increase of 1,800.0% from the December 15th total of 100 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is currently 0.8 days.

Ottawa Bancorp Trading Down 1.4 %

Shares of OTCMKTS:OTTW traded down $0.20 during trading on Wednesday, hitting $14.12. 300 shares of the company’s stock were exchanged, compared to its average volume of 650. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.73. The firm has a market cap of $34.17 million, a P/E ratio of 78.44 and a beta of 0.35. The firm has a 50-day moving average price of $14.66 and a two-hundred day moving average price of $14.27. Ottawa Bancorp has a 1-year low of $10.82 and a 1-year high of $14.99.

Ottawa Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Wednesday, December 4th. Ottawa Bancorp’s dividend payout ratio is presently 244.44%.

About Ottawa Bancorp

Ottawa Bancorp, Inc operates as the bank holding company for OSB Community Bank, a savings bank that provides various financial services to individual and corporate customers in Illinois. The company's deposit products include saving, checking, money market, and interest-bearing accounts, as well as certificate of deposit.