Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) Sees Large Decline in Short Interest

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 720 shares, a decline of 66.6% from the July 30th total of 2,153 shares. Based on an average daily volume of 5,654 shares, the days-to-cover ratio is currently 0.1 days.

Commercial International Bank (Egypt) S.A.E. Price Performance

CIBEY stock opened at $2.69 on Friday. Commercial International Bank has a one year low of $1.59 and a one year high of $2.87. The firm has a 50-day simple moving average of $2.62 and a two-hundred day simple moving average of $2.52.

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) last posted its quarterly earnings data on Monday, July 20th. The company reported $0.11 EPS for the quarter. The firm had revenue of $661.63 million for the quarter.

About Commercial International Bank (Egypt) S.A.E.

Commercial International Bank (Egypt) SAE. (OTCMKTS:CIBEY) is one of Egypt’s leading private sector banks, offering a comprehensive suite of banking and financial services to individuals, small and medium-sized enterprises (SMEs), large corporations and government entities. Founded in 1975 as Egypt’s first truly private bank, CIB has built an extensive domestic network of branches and digital channels to serve a broad customer base across urban and rural markets. The bank’s core operations encompass retail banking, corporate and investment banking, treasury and capital markets, trade finance and risk management.

In its retail segment, CIB provides deposit accounts, credit and debit cards, personal and mortgage loans, auto finance and wealth management advisory.