Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) Sees Large Drop in Short Interest

Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 51 shares, a decrease of 53.2% from the April 15th total of 109 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 541 shares, the days-to-cover ratio is currently 0.1 days.

Northeast Indiana Bancorp Stock Down 0.6%

Shares of NIDB traded down $0.13 during trading hours on Friday, hitting $23.05. The company had a trading volume of 500 shares, compared to its average volume of 389. The firm has a market cap of $54.49 million, a price-to-earnings ratio of 8.00 and a beta of 0.12. The business has a fifty day moving average of $22.62 and a 200-day moving average of $21.54. Northeast Indiana Bancorp has a 12 month low of $16.95 and a 12 month high of $23.18.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.68 earnings per share for the quarter. The company had revenue of $5.42 million during the quarter.

About Northeast Indiana Bancorp

Northeast Indiana Bancorp, Inc operates as the bank holding company for First Federal Savings Bank that provides various banking and financial advisory services. The company offers checking accounts, savings accounts, retirement accounts, health savings accounts, and direct deposits, as well as certificates of deposit. It also provides mortgage, refinance, new construction, and home equity loans; auto, recreational vehicle, and unsecured loans; and revolving lines of credit, term loans, real estate loans, letter of credit, and small business administration loans, as well as debit and credit cards.