First Niles Financial Inc. (OTCMKTS:FNFI) Short Interest Down 53.6% in August

First Niles Financial Inc. (OTCMKTS:FNFI) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 137 shares, a decrease of 53.6% from the July 30th total of 295 shares. Based on an average daily volume of 712 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

First Niles Financial Stock Down 5.8%

Shares of FNFI traded down $0.55 during trading hours on Friday, reaching $8.95. 152 shares of the company traded hands, compared to its average volume of 331. The company’s fifty day moving average price is $8.69 and its two-hundred day moving average price is $8.14. The company has a market capitalization of $13.77 million, a price-to-earnings ratio of 14.21 and a beta of 0.30. First Niles Financial has a 12 month low of $7.25 and a 12 month high of $9.59.

First Niles Financial (OTCMKTS:FNFI) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $3.15 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in First Niles Financial stock. Public Employees Retirement System of Ohio bought a new stake in First Niles Financial Inc. (OTCMKTS:FNFI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,529 shares of the company’s stock, valued at approximately $97,000. Public Employees Retirement System of Ohio owned 0.10% of First Niles Financial as of its most recent SEC filing.

First Niles Financial Company Profile

First Niles Financial, Inc operates as a holding company for the Home Federal Savings and Loan Association of Niles that provides various banking products and services in Ohio, the United States. The company offers personal and business checking and savings, money market deposit, and Christmas club accounts, as well as certificates of deposit. It also provides various loans, including mortgage and consumer loans, home equity lines of credit, and commercial loans and lines of credit. In addition, the company provides e-statement, and night depository services; debit and ATM cards; safe deposit boxes; direct deposits; I.R.A.