Ottawa Bancorp, Inc. (OTCMKTS:OTTW) Sees Significant Decline in Short Interest

Ottawa Bancorp, Inc. (OTCMKTS:OTTWGet Rating) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 100 shares, a decline of 66.7% from the April 30th total of 300 shares. Based on an average trading volume of 6,700 shares, the short-interest ratio is presently 0.0 days.

Ottawa Bancorp Price Performance

OTCMKTS:OTTW remained flat at $10.19 during mid-day trading on Friday. 1 shares of the company traded hands, compared to its average volume of 12,648. Ottawa Bancorp has a one year low of $9.70 and a one year high of $14.60. The stock has a market cap of $26.01 million, a PE ratio of 12.74 and a beta of 0.40. The stock has a 50 day moving average price of $10.52 and a 200 day moving average price of $12.07.

Ottawa Bancorp Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a dividend yield of 4.23%. Ottawa Bancorp’s dividend payout ratio (DPR) is presently 55.00%.

Ottawa Bancorp Company Profile

(Get Rating)

Ottawa Bancorp, Inc operates as a holding company, which offers residential real estate mortgage loans and home equity lines of credit and to a lesser extent, non-residential real estate, multi-family and construction loans. It also provides commercial and industrial loans and other consumer loans. The firm operates through the following segments: Commercial, �Non-Residential Real Estate, �One-to-four Family Residential, Multi-Family Residential, Consumer Direct, and Purchased Auto.

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