Short Interest in Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) Decreases By 37.9%

Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 64 shares, a drop of 37.9% from the May 31st total of 103 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 345 shares, the days-to-cover ratio is presently 0.2 days.

Northeast Indiana Bancorp Stock Performance

OTCMKTS:NIDB remained flat at $23.75 on Thursday. The company’s stock had a trading volume of 200 shares, compared to its average volume of 169. Northeast Indiana Bancorp has a 1 year low of $17.06 and a 1 year high of $24.85. The stock has a market cap of $55.81 million, a price-to-earnings ratio of 8.25 and a beta of 0.16. The stock’s fifty day moving average price is $23.56 and its 200-day moving average price is $22.44.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last announced 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.

About Northeast Indiana Bancorp

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.