First Niles Financial Inc. (OTCMKTS:FNFI) Sees Large Decline in Short Interest

First Niles Financial Inc. (OTCMKTS:FNFI) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 137 shares, a decrease of 53.6% from the July 30th total of 295 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 712 shares, the days-to-cover ratio is currently 0.2 days.

First Niles Financial Trading Down 5.8%

FNFI traded down $0.55 during trading on Friday, hitting $8.95. 152 shares of the company’s stock traded hands, compared to its average volume of 331. The stock has a market capitalization of $13.78 million, a price-to-earnings ratio of 14.21 and a beta of 0.30. The company’s 50 day simple moving average is $8.69 and its two-hundred day simple moving average is $8.14. First Niles Financial has a 12-month low of $7.25 and a 12-month high of $9.59.

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

Hedge Funds Weigh In On First Niles Financial

An institutional investor recently bought a new position in First Niles Financial stock. Public Employees Retirement System of Ohio bought a new stake in shares of First Niles Financial Inc. (OTCMKTS:FNFI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,529 shares of the company’s stock, valued at approximately $97,000. Public Employees Retirement System of Ohio owned 0.10% of First Niles Financial as of its most recent filing with the Securities and Exchange Commission.

About First Niles Financial

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.