Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) Sees Significant Decline in Short Interest

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 10,406 shares, a drop of 47.9% from the June 15th total of 19,986 shares. Based on an average daily trading volume, of 31,409 shares, the days-to-cover ratio is presently 0.3 days.

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

Shares of Commercial International Bank (Egypt) S.A.E. stock opened at $2.57 on Thursday. Commercial International Bank has a one year low of $1.51 and a one year high of $2.87. The business has a 50-day simple moving average of $2.52 and a 200-day simple moving average of $2.48.

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

Commercial International Bank (Egypt) SAE. (OTCMKTS:CIBEY) is one of Egypt’s leading private sector banks, offering a comprehensive suite of banking and financial services to individuals, small and medium-sized enterprises (SMEs), large corporations and government entities. Founded in 1975 as Egypt’s first truly private bank, CIB has built an extensive domestic network of branches and digital channels to serve a broad customer base across urban and rural markets. The bank’s core operations encompass retail banking, corporate and investment banking, treasury and capital markets, trade finance and risk management.

In its retail segment, CIB provides deposit accounts, credit and debit cards, personal and mortgage loans, auto finance and wealth management advisory.