Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) Short Interest Up 167.1% in August

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,923 shares, an increase of 167.1% from the August 15th total of 720 shares. Based on an average daily volume of 12,637 shares, the short-interest ratio is presently 0.2 days.

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

Commercial International Bank (Egypt) S.A.E. stock opened at $2.42 on Monday. Commercial International Bank has a 12-month low of $1.67 and a 12-month high of $2.87. The business’s 50-day simple moving average is $2.62 and its 200 day simple moving average is $2.51.

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) last posted its quarterly earnings results on Monday, July 20th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $661.63 million during the quarter.

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

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.