Short Interest in Bimini Capital Management Inc. (OTCMKTS:BMNM) Increases By 385.0%

Bimini Capital Management Inc. (OTCMKTS:BMNM) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 485 shares, an increase of 385.0% from the July 30th total of 100 shares. Based on an average daily trading volume, of 6,703 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Bimini Capital Management Stock Down 4.5%

Shares of BMNM stock opened at $3.37 on Friday. The firm has a fifty day moving average of $2.60 and a 200-day moving average of $2.77. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.99. Bimini Capital Management has a 12-month low of $0.99 and a 12-month high of $3.89. The company has a market capitalization of $33.90 million, a price-to-earnings ratio of 5.27 and a beta of 0.16.

Bimini Capital Management (OTCMKTS:BMNM) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.04 EPS 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.