Short Interest in Ottawa Bancorp, Inc. (OTCMKTS:OTTW) Declines By 66.7%

Ottawa Bancorp, Inc. (OTCMKTS:OTTW) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 100 shares, a decline of 66.7% from the March 31st total of 300 shares. Based on an average daily trading volume, of 5,900 shares, the days-to-cover ratio is currently 0.0 days.

Ottawa Bancorp Price Performance

OTTW traded down $0.04 during midday trading on Thursday, reaching $11.16. 500 shares of the company’s stock were exchanged, compared to its average volume of 3,074. Ottawa Bancorp has a 1-year low of $9.70 and a 1-year high of $11.55. The stock has a market capitalization of $28.46 million, a PE ratio of 16.72 and a beta of 0.36. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.16 and a quick ratio of 1.16. The business’s 50-day moving average price is $11.13 and its 200 day moving average price is $11.12.

Ottawa Bancorp (OTCMKTS:OTTW) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $2.57 million during the quarter. Ottawa Bancorp had a return on equity of 4.04% and a net margin of 10.15%.

Ottawa Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Tuesday, March 5th. Ottawa Bancorp’s dividend payout ratio is currently 65.67%.

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.