First Bancshares Inc. (OTCMKTS:FBSI) Stock Short Interest Jumps 87.1%

First Bancshares Inc. (OTCMKTS:FBSI) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 290 shares, a growth of 87.1% from the September 30th total of 155 shares. Based on an average daily trading volume, of 634 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

First Bancshares Price Performance

FBSI opened at $35.72 on Tuesday. The stock has a market capitalization of $90.01 million, a PE ratio of 9.42 and a beta of 0.15. The firm’s fifty day moving average price is $34.52 and its 200 day moving average price is $32.97. First Bancshares has a 12-month low of $27.28 and a 12-month high of $35.96.

First Bancshares (OTCMKTS:FBSI) last announced its quarterly earnings data on Friday, October 9th. The financial services provider reported $1.05 earnings per share for the quarter. The company had revenue of $8.35 million for the quarter.

About First Bancshares

First Bancshares, Inc is a bank holding company headquartered in Southern Pines, North Carolina. The company operates through its subsidiary, First Bank, a community-focused financial institution serving individuals, families, businesses and organizations.

First Bank provides traditional banking products and services, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, business loans and treasury management services.