Short Interest in Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) Decreases By 79.9%

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 2,153 shares, a decline of 79.9% from the July 15th total of 10,687 shares. Based on an average trading volume of 10,120 shares, the days-to-cover ratio is presently 0.2 days.

Commercial International Bank (Egypt) S.A.E. Stock Performance

Shares of OTCMKTS CIBEY opened at $2.65 on Friday. The business has a 50 day moving average price of $2.60 and a two-hundred day moving average price of $2.53. Commercial International Bank has a fifty-two week low of $1.59 and a fifty-two week high of $2.87.

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) last released its earnings results on Monday, July 20th. The company reported $0.11 EPS for the quarter. The business had revenue of $661.63 million for the quarter.

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.