Bimini Capital Management Inc. (OTCMKTS:BMNM) Short Interest Down 50.0% in July

Bimini Capital Management Inc. (OTCMKTS:BMNM) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 100 shares, a drop of 50.0% from the July 15th total of 200 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,846 shares, the days-to-cover ratio is currently 0.1 days.

Bimini Capital Management Stock Performance

Shares of BMNM traded down $0.11 during trading hours on Friday, hitting $3.00. The company’s stock had a trading volume of 4,070 shares, compared to its average volume of 1,821. The business has a 50 day simple moving average of $2.46 and a two-hundred day simple moving average of $2.78. Bimini Capital Management has a 52-week low of $0.99 and a 52-week high of $3.89. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.55 and a quick ratio of 1.09. The company has a market cap of $30.18 million, a price-to-earnings ratio of 4.69 and a beta of 0.16.

Bimini Capital Management (OTCMKTS:BMNM) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.04 earnings per share for the quarter. Bimini Capital Management had a net margin of 30.06% and a return on equity of 52.04%.

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. The Investment Portfolio segment engages in investment activities conducted by Royal Palm Capital, LLC. It invests in residential mortgage-backed securities.