First Bancorp of Indiana Inc. (OTCMKTS:FBPI) Sees Significant Growth in Short Interest

First Bancorp of Indiana Inc. (OTCMKTS:FBPI) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,044 shares, an increase of 236.8% from the June 15th total of 310 shares. Based on an average daily trading volume, of 524 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.1% of the company’s stock are short sold.

First Bancorp of Indiana Stock Performance

Shares of FBPI stock opened at $14.58 on Wednesday. First Bancorp of Indiana has a fifty-two week low of $9.25 and a fifty-two week high of $15.00. The firm has a market capitalization of $24.93 million, a price-to-earnings ratio of 69.42 and a beta of 0.13. The stock’s 50-day simple moving average is $14.18 and its 200-day simple moving average is $13.23.

About First Bancorp of Indiana

First Bancorp of Indiana is a bank holding company headquartered in Evansville, Indiana. Through its banking subsidiary, the company offers a range of financial products and services, including deposit accounts, mortgage lending, consumer and commercial loans, and cash-management solutions designed to meet the needs of both individual and business clients.

The company operates a network of branch offices alongside a digital banking platform to serve communities in southwestern Indiana and the greater Louisville, Kentucky metropolitan area.