Short Interest in Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) Declines By 53.2%

Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 51 shares, a drop of 53.2% from the April 15th total of 109 shares. Based on an average daily volume of 541 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Northeast Indiana Bancorp Stock Performance

Shares of NIDB stock traded down $0.13 during mid-day trading on Friday, hitting $23.05. 500 shares of the stock traded hands, compared to its average volume of 389. Northeast Indiana Bancorp has a twelve month low of $16.95 and a twelve month high of $23.18. The firm has a market cap of $54.40 million, a price-to-earnings ratio of 8.00 and a beta of 0.12. The company’s 50-day simple moving average is $22.62 and its 200-day simple moving average is $21.54.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.68 earnings per share (EPS) for the quarter. The firm had revenue of $5.42 million for the quarter.

Northeast Indiana Bancorp Company Profile

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.