Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) Stock Short Interest Jumps 117.7%

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 2,612 shares, an increase of 117.7% from the September 15th total of 1,200 shares. Based on an average daily volume of 16,545 shares, the short-interest ratio is currently 0.2 days.

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

Shares of OTCMKTS CIBEY traded down $0.01 during trading on Thursday, reaching $2.29. The company had a trading volume of 1,874 shares, compared to its average volume of 10,546. The stock has a 50-day moving average price of $2.50 and a two-hundred day moving average price of $2.50. Commercial International Bank has a twelve month low of $1.82 and a twelve month high of $2.87.

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) last released its quarterly earnings results on Monday, July 20th. The company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $661.63 million for the quarter.

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

Commercial International Bank (Egypt) SAE. is an Egyptian financial institution that provides banking and related financial services to corporate, institutional and individual customers. The bank operates through a network of branches and other service channels in Egypt, offering deposit accounts, current accounts, personal and business lending, credit cards, and digital banking services.

CIB’s corporate and institutional banking activities include working-capital finance, trade finance, cash management, foreign exchange, treasury services and structured lending.