Short Interest in First Niles Financial Inc. (OTCMKTS:FNFI) Rises By 73.0%

First Niles Financial Inc. (OTCMKTS:FNFI) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 237 shares, an increase of 73.0% from the August 15th total of 137 shares. Based on an average trading volume of 468 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

First Niles Financial Price Performance

Shares of OTCMKTS:FNFI remained flat at $9.42 during mid-day trading on Wednesday. 100 shares of the stock were exchanged, compared to its average volume of 547. First Niles Financial has a 52 week low of $7.25 and a 52 week high of $9.59. The firm has a market cap of $14.51 million, a price-to-earnings ratio of 14.95 and a beta of 0.28. The firm’s fifty day simple moving average is $8.86 and its two-hundred day simple moving average is $8.24.

First Niles Financial (OTCMKTS:FNFI) last announced its earnings results on Friday, July 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $3.15 million for the quarter.

First Niles Financial Company Profile

First Niles Financial, Inc operates as a holding company for the Home Federal Savings and Loan Association of Niles that provides various banking products and services in Ohio, the United States. The company offers personal and business checking and savings, money market deposit, and Christmas club accounts, as well as certificates of deposit. It also provides various loans, including mortgage and consumer loans, home equity lines of credit, and commercial loans and lines of credit. In addition, the company provides e-statement, and night depository services; debit and ATM cards; safe deposit boxes; direct deposits; I.R.A.