Short Interest in Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) Grows By 119.0%

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 19,986 shares, a growth of 119.0% from the May 31st total of 9,125 shares. Based on an average daily volume of 18,654 shares, the days-to-cover ratio is currently 1.1 days.

Commercial International Bank (Egypt) S.A.E. Stock Down 3.5%

Shares of Commercial International Bank (Egypt) S.A.E. stock opened at $2.56 on Thursday. Commercial International Bank has a 52 week low of $1.51 and a 52 week high of $2.87. The business’s fifty day simple moving average is $2.51 and its 200-day simple moving average is $2.46.

About Commercial International Bank (Egypt) S.A.E.

Commercial International Bank (Egypt) SAE. (OTCMKTS:CIBEY) is one of Egypt’s leading private sector banks, offering a comprehensive suite of banking and financial services to individuals, small and medium-sized enterprises (SMEs), large corporations and government entities. Founded in 1975 as Egypt’s first truly private bank, CIB has built an extensive domestic network of branches and digital channels to serve a broad customer base across urban and rural markets. The bank’s core operations encompass retail banking, corporate and investment banking, treasury and capital markets, trade finance and risk management.

In its retail segment, CIB provides deposit accounts, credit and debit cards, personal and mortgage loans, auto finance and wealth management advisory.