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

by · The Cerbat Gem

First Bancshares Inc. (OTCMKTS:FBSI – Get Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 5 shares, a drop of 97.8% from the July 15th total of 225 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 702 shares, the short-interest ratio is currently 0.0 days.

First Bancshares Trading Up 3.3%

OTCMKTS FBSI traded up $1.10 on Tuesday, hitting $34.10. 250 shares of the company’s stock were exchanged, compared to its average volume of 356. The stock has a 50-day moving average of $32.25 and a 200-day moving average of $32.30. First Bancshares has a 52 week low of $26.14 and a 52 week high of $35.96. The stock has a market cap of $82.18 million, a price-to-earnings ratio of 9.83 and a beta of 0.14.

First Bancshares (OTCMKTS:FBSI – Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter. The business had revenue of $7.40 million during the quarter.

About First Bancshares

(Get Free Report)

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.

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