Short Interest in Bimini Capital Management Inc. (OTCMKTS:BMNM) Declines By 81.0%

Bimini Capital Management Inc. (OTCMKTS:BMNM) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 468 shares, a drop of 81.0% from the February 12th total of 2,465 shares. Based on an average daily volume of 9,429 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 9,429 shares, the days-to-cover ratio is currently 0.0 days.

Bimini Capital Management Stock Performance

Shares of Bimini Capital Management stock remained flat at $3.45 on Wednesday. The firm has a market capitalization of $34.74 million, a price-to-earnings ratio of 38.33 and a beta of 0.05. Bimini Capital Management has a 1 year low of $0.60 and a 1 year high of $3.89. The company’s 50-day simple moving average is $3.22 and its 200-day simple moving average is $2.13. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 2.96.

About Bimini Capital Management

Bimini Capital Management, Inc, through its subsidiaries, operates as a specialty finance company in the United States. The company operates in two segments, Asset Management and Investment Portfolio. The Asset Management segment includes investment advisory services by Bimini Advisors to Orchid Island Capital, Inc and Royal Palm Capital, LLC. The Investment Portfolio segment engages in investment activities conducted by Royal Palm Capital, LLC. It invests in residential mortgage-backed securities.