Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) Sees Large Drop in Short Interest

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,400 shares, a drop of 90.6% from the February 28th total of 25,600 shares. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is presently 0.1 days.

Commercial International Bank (Egypt) S.A.E. Stock Down 0.7 %

Shares of CIBEY traded down $0.01 during trading hours on Thursday, hitting $1.51. The company had a trading volume of 1,699 shares, compared to its average volume of 24,758. Commercial International Bank has a 52-week low of $1.35 and a 52-week high of $1.70. The stock’s 50 day moving average price is $1.45 and its 200 day moving average price is $1.50.

Commercial International Bank (Egypt) S.A.E. Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be paid a $0.0376 dividend. The ex-dividend date is Monday, April 7th. Commercial International Bank (Egypt) S.A.E.’s dividend payout ratio (DPR) is currently 0.27%.

Commercial International Bank (Egypt) S.A.E. Company Profile

Commercial International Bank (Egypt) SAE. provides financial products and services in Egypt. The company operates in four segments: Corporate Banking, Investment, Retail Banking, and Assets and Liabilities Management. It offers current and saving accounts, business accounts, time deposits, and certificates of deposit; car, personal, travel, solar, education, and overdraft loans; fund investment management; mortgages services; and insurance products.