Short Interest in Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) Grows By 119.0%

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 19,986 shares, an increase of 119.0% from the May 31st total of 9,125 shares. Based on an average trading volume of 18,654 shares, the days-to-cover ratio is currently 1.1 days.

Commercial International Bank (Egypt) S.A.E. Stock Performance

OTCMKTS:CIBEY traded down $0.09 on Wednesday, reaching $2.56. 5,094 shares of the stock traded hands, compared to its average volume of 11,587. Commercial International Bank has a 1-year low of $1.51 and a 1-year high of $2.87. The company’s 50 day moving average is $2.51 and its 200-day moving average is $2.45.

Commercial International Bank (Egypt) S.A.E. Company Profile

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.