Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) Shares Shorted: Short Interest Up 281.0% in October

Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 80 shares, an increase of 281.0% from the October 15th total of 21 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 891 shares, the days-to-cover ratio is currently 0.1 days.

Northeast Indiana Bancorp Price Performance

Northeast Indiana Bancorp stock traded up $0.25 during mid-day trading on Thursday, hitting $25.00. The company’s stock had a trading volume of 1,641 shares, compared to its average volume of 993. The business has a 50 day moving average price of $24.32 and a 200-day moving average price of $23.47. Northeast Indiana Bancorp has a 12 month low of $19.55 and a 12 month high of $25.00. The stock has a market cap of $58.75 million, a price-to-earnings ratio of 8.12 and a beta of 0.18.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.85 EPS for the quarter. The company had revenue of $5.82 million during the quarter.

Northeast Indiana Bancorp Company Profile

Northeast Indiana Bancorp, Inc. is a bank holding company headquartered in Huntington, Indiana. Through its subsidiary, First Federal Savings Bank, the company provides banking and financial services to individuals, families, and businesses in northeast Indiana. First Federal Savings Bank offers deposit products, residential mortgage loans, consumer lending, commercial and agricultural loans, and financing for residential and commercial real estate. The bank also provides business banking services and other financial products through its branch network and digital banking channels.