Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) Shares Shorted: Short Interest Up 281.0% in October

Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 80 shares, an increase of 281.0% from the October 15th total of 21 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 891 shares, the days-to-cover ratio is currently 0.1 days.

Northeast Indiana Bancorp Stock Down 0.6%

Shares of NIDB traded down $0.15 during midday trading on Friday, reaching $24.85. The company had a trading volume of 22,699 shares, compared to its average volume of 1,195. Northeast Indiana Bancorp has a 1-year low of $19.55 and a 1-year high of $25.00. The stock has a market cap of $58.40 million, a PE ratio of 8.07 and a beta of 0.18. The firm has a 50 day simple moving average of $24.32 and a 200-day simple moving average of $23.49.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.85 earnings per share for the quarter. The firm had revenue of $5.82 million for the quarter.

Northeast Indiana Bancorp Company Profile

Northeast Indiana Bancorp, Inc. is a bank holding company headquartered in Huntington, Indiana. Through its subsidiary, First Federal Savings Bank, the company provides banking and financial services to individuals, families, and businesses in northeast Indiana. First Federal Savings Bank offers deposit products, residential mortgage loans, consumer lending, commercial and agricultural loans, and financing for residential and commercial real estate. The bank also provides business banking services and other financial products through its branch network and digital banking channels.