Short Interest in First Bancorp of Indiana Inc. (OTCMKTS:FBPI) Drops By 58.9%

First Bancorp of Indiana Inc. (OTCMKTS:FBPI) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 526 shares, a drop of 58.9% from the August 15th total of 1,281 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 913 shares, the days-to-cover ratio is currently 0.6 days.

First Bancorp of Indiana Price Performance

FBPI opened at $14.62 on Monday. The firm has a market capitalization of $25.00 million, a price-to-earnings ratio of 69.62 and a beta of 0.13. The company’s 50 day moving average price is $14.51 and its two-hundred day moving average price is $14.02. First Bancorp of Indiana has a fifty-two week low of $10.80 and a fifty-two week high of $15.25.

About First Bancorp of Indiana

First Bancorp of Indiana is a bank holding company headquartered in Evansville, Indiana. Through its banking subsidiary, the company offers a range of financial products and services, including deposit accounts, mortgage lending, consumer and commercial loans, and cash-management solutions designed to meet the needs of both individual and business clients.

The company operates a network of branch offices alongside a digital banking platform to serve communities in southwestern Indiana and the greater Louisville, Kentucky metropolitan area.