Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) Sees Significant Decline in Short Interest

Northeast Indiana Bancorp Inc. (OTCMKTS:NIDBGet Free Report) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 51 shares, a decrease of 53.2% from the April 15th total of 109 shares. Based on an average daily volume of 541 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Northeast Indiana Bancorp Trading Down 0.6%

OTCMKTS:NIDB traded down $0.13 during mid-day trading on Friday, hitting $23.05. The company’s stock had a trading volume of 500 shares, compared to its average volume of 829. Northeast Indiana Bancorp has a fifty-two week low of $16.95 and a fifty-two week high of $23.18. The company has a market capitalization of $54.40 million, a price-to-earnings ratio of 8.00 and a beta of 0.12. The stock has a fifty day moving average of $22.61 and a 200-day moving average of $21.53.

Northeast Indiana Bancorp (OTCMKTS:NIDBGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $5.42 million during the quarter.

Northeast Indiana Bancorp Company Profile

(Get Free Report)

Northeast Indiana Bancorp, Inc operates as the bank holding company for First Federal Savings Bank that provides various banking and financial advisory services. The company offers checking accounts, savings accounts, retirement accounts, health savings accounts, and direct deposits, as well as certificates of deposit. It also provides mortgage, refinance, new construction, and home equity loans; auto, recreational vehicle, and unsecured loans; and revolving lines of credit, term loans, real estate loans, letter of credit, and small business administration loans, as well as debit and credit cards.

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