Bimini Capital Management Inc. (OTCMKTS:BMNM) Sees Large Increase in Short Interest

Bimini Capital Management Inc. (OTCMKTS:BMNM) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 228 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 4,823 shares, the days-to-cover ratio is presently 0.0 days.

Bimini Capital Management Price Performance

BMNM opened at $2.75 on Monday. Bimini Capital Management has a fifty-two week low of $1.25 and a fifty-two week high of $3.89. The firm has a 50-day moving average of $3.14 and a 200 day moving average of $2.90. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market cap of $27.64 million, a P/E ratio of 4.30 and a beta of 0.16.

Bimini Capital Management (OTCMKTS:BMNM) last released its earnings results on Thursday, August 6th. The financial services provider reported $0.04 earnings per share for the quarter. Bimini Capital Management had a net margin of 30.06% and a return on equity of 52.04%.

About Bimini Capital Management

Bimini Capital Management, Inc is a financial services company focused on the residential mortgage market. Through its subsidiaries, the company invests in residential mortgage-backed securities, primarily agency securities issued or guaranteed by government-sponsored entities such as Fannie Mae and Freddie Mac.

Bimini also provides investment management and corporate services to affiliated entities, including Orchid Island Capital, Inc, a mortgage real estate investment trust. Its activities are centered on the U.S.