Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) Sees Significant Growth in Short Interest

Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 80 shares, a growth of 281.0% from the October 15th total of 21 shares. Based on an average daily trading volume, of 891 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Northeast Indiana Bancorp Price Performance

NIDB stock traded up $0.25 during trading on Thursday, reaching $25.00. The company had a trading volume of 1,641 shares, compared to its average volume of 993. Northeast Indiana Bancorp has a 52 week low of $19.55 and a 52 week high of $25.00. The business has a 50 day moving average of $24.32 and a 200 day moving average of $23.47. The company has a market cap of $58.75 million, a P/E ratio of 8.12 and a beta of 0.18.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last posted its earnings results on Wednesday, October 28th. The company reported $0.85 earnings per share for the quarter. The firm had revenue of $5.82 million for the quarter.

Northeast Indiana Bancorp Company Profile

Northeast Indiana Bancorp, Inc. is a bank holding company headquartered in Huntington, Indiana. Through its subsidiary, First Federal Savings Bank, the company provides banking and financial services to individuals, families, and businesses in northeast Indiana. First Federal Savings Bank offers deposit products, residential mortgage loans, consumer lending, commercial and agricultural loans, and financing for residential and commercial real estate. The bank also provides business banking services and other financial products through its branch network and digital banking channels.