Bimini Capital Management Inc. (OTCMKTS:BMNM) Short Interest Update

Bimini Capital Management Inc. (OTCMKTS:BMNM) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 485 shares, an increase of 385.0% from the July 30th total of 100 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,703 shares, the days-to-cover ratio is currently 0.1 days.

Bimini Capital Management Stock Up 8.6%

Shares of OTCMKTS BMNM opened at $3.52 on Wednesday. The stock has a market capitalization of $35.38 million, a P/E ratio of 5.50 and a beta of 0.16. The stock’s fifty day moving average is $2.56 and its 200 day moving average is $2.77. Bimini Capital Management has a 52 week low of $0.99 and a 52 week high of $3.89. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.55 and a current ratio of 0.55.

Bimini Capital Management (OTCMKTS:BMNM) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.04 earnings per share for the quarter. Bimini Capital Management had a net margin of 30.06% and a return on equity of 52.04%.

About Bimini Capital Management

Bimini Capital Management, Inc, through its subsidiaries, operates as a specialty finance company in the United States. The company operates in two segments, Asset Management and Investment Portfolio. The Asset Management segment includes investment advisory services by Bimini Advisors to Orchid Island Capital, Inc and Royal Palm Capital, LLC. The Investment Portfolio segment engages in investment activities conducted by Royal Palm Capital, LLC. It invests in residential mortgage-backed securities.