First Bancshares Inc. (OTCMKTS:FBSI) Sees Significant Decline in Short Interest

First Bancshares Inc. (OTCMKTS:FBSI) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 5 shares, a decline of 97.8% from the July 15th total of 225 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 702 shares, the days-to-cover ratio is currently 0.0 days.

First Bancshares Trading Up 3.3%

FBSI stock traded up $1.10 during trading hours on Tuesday, hitting $34.10. 250 shares of the stock were exchanged, compared to its average volume of 356. The firm has a market capitalization of $82.18 million, a P/E ratio of 9.83 and a beta of 0.14. The company has a 50-day simple moving average of $32.25 and a two-hundred day simple moving average of $32.30. First Bancshares has a 12 month low of $26.14 and a 12 month high of $35.96.

First Bancshares (OTCMKTS:FBSI) last posted its earnings results on Friday, July 24th. The financial services provider reported $0.89 earnings per share for the quarter. The firm had revenue of $7.40 million for the quarter.

About First Bancshares

First Bancshares, Inc (OTCMKTS:FBSI) is a bank holding company headquartered in Jackson, Tennessee. Through its primary subsidiary, First Bank, the company provides a full suite of commercial and retail banking services designed to meet the needs of individuals, small- and medium-sized businesses and municipalities.

First Bank’s core offerings include deposit products such as checking, savings and money market accounts, along with business and consumer lending solutions that encompass lines of credit, term loans, mortgage financing and construction loans.