Forbright, Inc. (NASDAQ:FRBT – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 27,674 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average daily volume of 260,722 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.
Forbright Price Performance
Shares of FRBT stock traded down $0.11 during mid-day trading on Tuesday, hitting $18.29. 110,368 shares of the stock were exchanged, compared to its average volume of 130,972. Forbright has a 52-week low of $17.48 and a 52-week high of $18.65.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Forbright to a “hold” rating in a report on Saturday, June 20th.
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