Short Interest in Rhinebeck Bancorp Inc (NASDAQ:RBKB) Increases By 47.2%
Rhinebeck Bancorp Inc (NASDAQ:RBKB) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 7,800 shares, an increase of 47.2% from the September 30th total of 5,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 4,800 shares, the short-interest ratio is currently 1.6 days.
Separately, ValuEngine raised shares of Rhinebeck Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
RBKB stock traded down $0.17 during mid-day trading on Friday, hitting $10.58. The company had a trading volume of 11,300 shares, compared to its average volume of 15,593. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.03. Rhinebeck Bancorp has a 12 month low of $10.25 and a 12 month high of $12.30. The stock’s fifty day moving average price is $10.58 and its two-hundred day moving average price is $10.87.
Rhinebeck Bancorp Company Profile
Rhinebeck Bancorp, Inc provides banking services to customers in the central Hudson Valley region of New York State. The company offers deposits; automobile loans; commercial real estate loans, including multi-family real estate loans and commercial construction loans; commercial business loans; and one- to four-family residential real estate loans.
Further Reading: LIBOR
Receive News & Ratings for Rhinebeck Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rhinebeck Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.