FNB, Inc. (OTCMKTS:FIDS) Short Interest Up 200.0% in August

FNB, Inc. (OTCMKTS:FIDS) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 90 shares, a growth of 200.0% from the July 30th total of 30 shares. Based on an average daily trading volume, of 735 shares, the days-to-cover ratio is presently 0.1 days.

FNB Trading Up 2.0%

OTCMKTS FIDS traded up $0.50 on Friday, hitting $25.00. 100 shares of the stock were exchanged, compared to its average volume of 692. The company has a 50-day moving average price of $27.66 and a 200-day moving average price of $26.93. FNB has a fifty-two week low of $21.00 and a fifty-two week high of $30.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FIDS. Manning & Napier Advisors LLC acquired a new stake in shares of FNB during the second quarter worth about $547,000. Public Employees Retirement System of Ohio purchased a new position in shares of FNB during the 2nd quarter worth approximately $2,180,000. Finally, Bank of New York Mellon Corp purchased a new position in FNB in the second quarter worth $54,314,000. 0.08% of the stock is owned by hedge funds and other institutional investors.

About FNB

FNB, Inc operates as the bank holding company for The First National Bank of Dennison that provides personal and business banking products in Ohio. Its products and services include checking, savings, certificates of deposit, and individual retirement accounts; debit cards; and cash management, merchant card processing, night depository, overdraft protection, safe deposit boxes, and mobile and online banking services. The company also offers various loans comprising agricultural loans, commercial loans, construction loans, fixed rate and variable rate mortgages, installment loans, and home equity loans.