Mid-Southern Bancorp, Inc. (NASDAQ:MSVB) Short Interest Down 84.1% in May

Mid-Southern Bancorp, Inc. (NASDAQ:MSVB) saw a significant drop in short interest during the month of May. As of May 28th, there was short interest totalling 1,000 shares, a drop of 84.1% from the May 13th total of 6,300 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is currently 0.6 days.

Shares of Mid-Southern Bancorp stock traded down $0.17 on Friday, hitting $15.27. 302 shares of the company’s stock were exchanged, compared to its average volume of 2,319. Mid-Southern Bancorp has a 1 year low of $11.75 and a 1 year high of $16.59. The firm has a 50-day moving average of $15.28. The company has a market capitalization of $48.45 million, a PE ratio of 39.15 and a beta of 0.32.

Mid-Southern Bancorp (NASDAQ:MSVB) last released its earnings results on Monday, April 26th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $1.97 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, May 28th. Investors of record on Friday, May 14th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Thursday, May 13th.

In other Mid-Southern Bancorp news, Director Eric A. Koch purchased 4,162 shares of the company’s stock in a transaction dated Monday, May 3rd. The shares were acquired at an average price of $15.25 per share, for a total transaction of $63,470.50. Following the purchase, the director now directly owns 60,667 shares of the company’s stock, valued at approximately $925,171.75. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Eric A. Koch purchased 5,000 shares of the company’s stock in a transaction dated Monday, May 10th. The shares were acquired at an average price of $15.20 per share, for a total transaction of $76,000.00. Following the purchase, the director now directly owns 69,437 shares in the company, valued at $1,055,442.40. The disclosure for this purchase can be found here. Insiders purchased 10,162 shares of company stock worth $154,571 in the last 90 days. 6.10% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in Mid-Southern Bancorp stock. Morgan Stanley raised its stake in Mid-Southern Bancorp, Inc. (NASDAQ:MSVB) by 499,900.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,000 shares of the company’s stock after acquiring an additional 4,999 shares during the period. Morgan Stanley owned approximately 0.16% of Mid-Southern Bancorp worth $76,000 as of its most recent SEC filing. 26.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-Southern Bancorp Company Profile

Mid-Southern Bancorp, Inc operates as the holding company for Mid-Southern Savings Bank, FSB that provides various banking products and services. It accepts various deposit products, including savings, money market deposit, and demand accounts, as well as certificates of deposit. The company also offers loans secured by first mortgages on one- to four-family residences, including home equity loans and lines of credit; commercial and multifamily real estate loans; construction loans secured by single-family residences; commercial and multifamily real estate loans; land and lot loans; commercial business loans; consumer loans, including new and used manufactured homes, automobiles and truck, boats, and motorcycles and recreational vehicle loans; loans secured by savings deposits and other personal loans; and unsecured consumer loans.

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