First Bancshares Inc. (OTCMKTS:FBSI) Sees Large Increase in Short Interest

First Bancshares Inc. (OTCMKTS:FBSI) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 290 shares, an increase of 87.1% from the September 30th total of 155 shares. Based on an average daily trading volume, of 634 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

First Bancshares Stock Performance

Shares of FBSI opened at $35.72 on Friday. The firm has a market capitalization of $90.01 million, a price-to-earnings ratio of 9.68 and a beta of 0.15. The business’s fifty day moving average price is $34.49 and its two-hundred day moving average price is $32.96. First Bancshares has a 52 week low of $27.28 and a 52 week high of $35.96.

First Bancshares (OTCMKTS:FBSI) last released its earnings results on Friday, October 9th. The financial services provider reported $1.05 EPS for the quarter. The firm had revenue of $8.35 million during the quarter.

First Bancshares Company Profile

First Bancshares, Inc is a bank holding company headquartered in Southern Pines, North Carolina. The company operates through its subsidiary, First Bank, a community-focused financial institution serving individuals, families, businesses and organizations.

First Bank provides traditional banking products and services, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, business loans and treasury management services.