First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Shares Shorted: Short Interest Up 117.1% in September

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,362 shares, an increase of 117.1% from the September 15th total of 1,088 shares. Based on an average daily volume of 4,353 shares, the days-to-cover ratio is presently 0.5 days.

First Guaranty Bancshares Stock Performance

NASDAQ:FGBIP traded up $0.02 during mid-day trading on Thursday, hitting $17.12. 2,066 shares of the company traded hands, compared to its average volume of 3,508. The stock’s fifty day moving average price is $18.24 and its 200-day moving average price is $18.98. First Guaranty Bancshares has a one year low of $14.41 and a one year high of $21.46.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Its principal subsidiary, First Guaranty Bank, provides banking services to individuals, businesses, and public-sector customers through its branch network and digital banking channels.

The bank offers deposit products, commercial and consumer lending, residential and commercial real estate loans, and other financial services. Its business banking offerings also include treasury management, cash-management services, online and mobile banking, and related solutions designed to support small and middle-market businesses.

First Guaranty Bank has a history dating to the 1930s and primarily serves communities in Louisiana and Texas.