Short Interest in Bimini Capital Management Inc. (OTCMKTS:BMNM) Increases By 73.3%

Bimini Capital Management Inc. (OTCMKTS:BMNM) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 5,200 shares, an increase of 73.3% from the August 31st total of 3,000 shares. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is currently 1.4 days.

Bimini Capital Management Price Performance

Shares of BMNM stock opened at $1.35 on Wednesday. The stock has a 50 day moving average of $1.19 and a 200 day moving average of $1.05. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 3.69. The stock has a market cap of $13.59 million, a P/E ratio of -22.50 and a beta of 0.18. Bimini Capital Management has a twelve month low of $0.60 and a twelve month high of $1.39.

About Bimini Capital Management

Bimini Capital Management, Inc, through its subsidiaries, operates as a specialty finance company in the United States. The company operates in two segments, Asset Management and Investment Portfolio. The Asset Management segment includes investment advisory services by Bimini Advisors to Orchid Island Capital, Inc and Royal Palm Capital, LLC.