Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) Sees Significant Decline in Short Interest

Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 51 shares, a decrease of 53.2% from the April 15th total of 109 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 541 shares, the days-to-cover ratio is presently 0.1 days.

Northeast Indiana Bancorp Stock Performance

Northeast Indiana Bancorp stock traded down $0.13 during trading hours on Friday, hitting $23.05. 500 shares of the stock were exchanged, compared to its average volume of 829. The stock has a market capitalization of $54.40 million, a P/E ratio of 8.00 and a beta of 0.12. Northeast Indiana Bancorp has a 12 month low of $16.95 and a 12 month high of $23.18. The business’s 50-day moving average is $22.61 and its two-hundred day moving average is $21.53.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.68 earnings per share for the quarter. The firm had revenue of $5.42 million for the quarter.

Northeast Indiana Bancorp Company Profile

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.