FNB, Inc. (OTCMKTS:FIDS) Sees Large Increase in Short Interest

FNB, Inc. (OTCMKTS:FIDS) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 90 shares, an increase of 200.0% from the July 30th total of 30 shares. Based on an average daily volume of 735 shares, the days-to-cover ratio is presently 0.1 days.

FNB Stock Performance

FIDS stock opened at $24.50 on Friday. FNB has a 52 week low of $20.85 and a 52 week high of $30.00. The company has a fifty day simple moving average of $27.70 and a two-hundred day simple moving average of $26.94.

Institutional Trading of FNB

Several hedge funds and other institutional investors have recently bought and sold shares of FIDS. Bank of New York Mellon Corp bought a new stake in shares of FNB in the 2nd quarter worth about $54,314,000. Manning & Napier Advisors LLC purchased a new stake in FNB in the 2nd quarter worth about $547,000. Finally, Public Employees Retirement System of Ohio bought a new stake in FNB in the second quarter worth about $2,180,000. Hedge funds and other institutional investors own 0.08% of the company’s stock.

About FNB

FNB, Inc operates as the bank holding company for The First National Bank of Dennison that provides personal and business banking products in Ohio. Its products and services include checking, savings, certificates of deposit, and individual retirement accounts; debit cards; and cash management, merchant card processing, night depository, overdraft protection, safe deposit boxes, and mobile and online banking services. The company also offers various loans comprising agricultural loans, commercial loans, construction loans, fixed rate and variable rate mortgages, installment loans, and home equity loans.