Short Interest in Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) Decreases By 37.9%

by · The Markets Daily

Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 64 shares, a drop of 37.9% from the May 31st total of 103 shares. Based on an average daily trading volume, of 345 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Northeast Indiana Bancorp Price Performance

Shares of Northeast Indiana Bancorp stock remained flat at $23.75 during trading on Thursday. The stock had a trading volume of 200 shares, compared to its average volume of 169. The company has a market capitalization of $55.81 million, a price-to-earnings ratio of 8.25 and a beta of 0.16. The stock has a fifty day moving average price of $23.56 and a two-hundred day moving average price of $22.44. Northeast Indiana Bancorp has a 52 week low of $17.06 and a 52 week high of $24.85.

Northeast Indiana Bancorp (OTCMKTS:NIDB – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.68 earnings per share for the quarter. The firm had revenue of $5.42 million during the quarter.

Northeast Indiana Bancorp Company Profile

(Get Free Report)

Northeast Indiana Bancorp, Inc operates as the bank holding company for First Federal Savings Bank that provides various banking and financial advisory services. The company offers checking accounts, savings accounts, retirement accounts, health savings accounts, and direct deposits, as well as certificates of deposit. It also provides mortgage, refinance, new construction, and home equity loans; auto, recreational vehicle, and unsecured loans; and revolving lines of credit, term loans, real estate loans, letter of credit, and small business administration loans, as well as debit and credit cards.

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