Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) Sees Significant Growth in Short Interest

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 2,203 shares, a growth of 206.0% from the April 15th total of 720 shares. Based on an average trading volume of 18,561 shares, the days-to-cover ratio is currently 0.1 days.

Commercial International Bank (Egypt) S.A.E. Stock Down 2.0%

Shares of CIBEY traded down $0.05 during midday trading on Thursday, reaching $2.40. The company had a trading volume of 2,343 shares, compared to its average volume of 8,758. Commercial International Bank has a 1-year low of $1.38 and a 1-year high of $2.87. The firm has a 50 day simple moving average of $2.38 and a 200-day simple moving average of $2.38.

About Commercial International Bank (Egypt) S.A.E.

Commercial International Bank (Egypt) SAE. (OTCMKTS:CIBEY) is one of Egypt’s leading private sector banks, offering a comprehensive suite of banking and financial services to individuals, small and medium-sized enterprises (SMEs), large corporations and government entities. Founded in 1975 as Egypt’s first truly private bank, CIB has built an extensive domestic network of branches and digital channels to serve a broad customer base across urban and rural markets. The bank’s core operations encompass retail banking, corporate and investment banking, treasury and capital markets, trade finance and risk management.

In its retail segment, CIB provides deposit accounts, credit and debit cards, personal and mortgage loans, auto finance and wealth management advisory.