CIB Marine Bancshares, Inc. (OTCMKTS:CIBH) Sees Large Decline in Short Interest

CIB Marine Bancshares, Inc. (OTCMKTS:CIBH) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 300 shares, a drop of 72.7% from the October 31st total of 1,100 shares. Based on an average trading volume of 1,400 shares, the short-interest ratio is currently 0.2 days.

CIB Marine Bancshares Stock Performance

Shares of CIBH remained flat at $28.00 during midday trading on Wednesday. 800 shares of the stock were exchanged, compared to its average volume of 1,144. The company’s 50 day simple moving average is $25.08 and its 200 day simple moving average is $20.62. CIB Marine Bancshares has a 52 week low of $17.10 and a 52 week high of $29.00. The stock has a market cap of $39.20 million, a price-to-earnings ratio of 13.46 and a beta of 0.28.

CIB Marine Bancshares (OTCMKTS:CIBH) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.59 EPS for the quarter. The firm had revenue of $8.47 million during the quarter.

About CIB Marine Bancshares

CIB Marine Bancshares, Inc operates as the bank holding company for CIBM Bank that provides commercial banking services to individual and business customers in Illinois, Indiana, and Wisconsin. It provides deposit accounts comprising checking, savings, and time deposits. The company offers a range of loan products, such as commercial, commercial real estate, commercial and residential construction, government guaranteed, one-to-four family residential real estate, home equity, and consumer loans, as well as commercial and standby letters of credit.