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

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 10,367 shares, an increase of 370.6% from the April 30th total of 2,203 shares. Based on an average daily trading volume, of 18,390 shares, the days-to-cover ratio is currently 0.6 days.

Commercial International Bank (Egypt) S.A.E. Price Performance

Shares of Commercial International Bank (Egypt) S.A.E. stock opened at $2.35 on Friday. Commercial International Bank has a fifty-two week low of $1.38 and a fifty-two week high of $2.87. The business has a 50-day moving average price of $2.41 and a 200 day moving average price of $2.40.

About Commercial International Bank (Egypt) S.A.E.

Commercial International Bank (Egypt) SAE. (OTCMKTS:CIBEY) is one of Egypt’s leading private sector banks, offering a comprehensive suite of banking and financial services to individuals, small and medium-sized enterprises (SMEs), large corporations and government entities. Founded in 1975 as Egypt’s first truly private bank, CIB has built an extensive domestic network of branches and digital channels to serve a broad customer base across urban and rural markets. The bank’s core operations encompass retail banking, corporate and investment banking, treasury and capital markets, trade finance and risk management.

In its retail segment, CIB provides deposit accounts, credit and debit cards, personal and mortgage loans, auto finance and wealth management advisory.