Forbright, Inc. (NASDAQ:FRBT) Short Interest Up ∞ in June

Forbright, Inc. (NASDAQ:FRBT) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 27,674 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average daily trading volume, of 260,722 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Forbright to a “hold” rating in a research report on Saturday, June 20th.

Forbright Stock Down 0.6%

NASDAQ:FRBT traded down $0.11 during mid-day trading on Tuesday, hitting $18.29. The company’s stock had a trading volume of 110,368 shares, compared to its average volume of 130,972. Forbright has a 1 year low of $17.48 and a 1 year high of $18.65.