Bimini Capital Management Inc. (OTCMKTS:BMNM) Sees Large Decline in Short Interest

Bimini Capital Management Inc. (OTCMKTS:BMNM) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 83 shares, a decline of 63.6% from the October 15th total of 228 shares. Based on an average daily volume of 868 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Bimini Capital Management Price Performance

OTCMKTS BMNM remained flat at $2.90 on Friday. The stock’s 50 day moving average is $3.05 and its 200 day moving average is $2.88. The stock has a market cap of $29.09 million, a P/E ratio of 5.17 and a beta of 0.16. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 1.88. Bimini Capital Management has a 1 year low of $1.50 and a 1 year high of $3.89.

Bimini Capital Management (OTCMKTS:BMNM) last posted its earnings results on Thursday, November 5th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. Bimini Capital Management had a return on equity of 41.04% and a net margin of 24.12%.

About Bimini Capital Management

Bimini Capital Management, Inc. is a financial services company focused on mortgage-related investments and asset management. Its activities have included investing in mortgage-backed securities, particularly securities backed by U.S. residential mortgages. The company conducts asset-management activities through its subsidiary, Bimini Advisors, LLC, which has served as the external manager of Orchid Island Capital, a mortgage real estate investment trust that invests primarily in agency residential mortgage-backed securities.