First Bancshares Inc. (OTCMKTS:FBSI) Sees Large Growth in Short Interest

First Bancshares Inc. (OTCMKTS:FBSI – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 290 shares, a growth of 87.1% from the September 30th total of 155 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 634 shares, the days-to-cover ratio is currently 0.5 days.

First Bancshares Stock Performance

First Bancshares stock remained flat at $35.72 during trading hours on Monday. The company’s stock had a trading volume of 100 shares, compared to its average volume of 262. The stock has a 50-day simple moving average of $34.49 and a 200-day simple moving average of $32.96. The stock has a market cap of $90.01 million, a price-to-earnings ratio of 9.68 and a beta of 0.16. First Bancshares has a 1-year low of $27.28 and a 1-year high of $35.96.

First Bancshares (OTCMKTS:FBSI – Get Free Report) last issued its quarterly earnings results on Friday, October 9th. The financial services provider reported $1.05 earnings per share for the quarter. The company had revenue of $8.35 million for the quarter.

About First Bancshares

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First Bancshares, Inc is a bank holding company headquartered in Southern Pines, North Carolina. The company operates through its subsidiary, First Bank, a community-focused financial institution serving individuals, families, businesses and organizations.

First Bank provides traditional banking products and services, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, business loans and treasury management services.

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