Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) Sees Large Growth in Short Interest

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,923 shares, a growth of 167.1% from the August 15th total of 720 shares. Based on an average trading volume of 12,637 shares, the days-to-cover ratio is presently 0.2 days.

Commercial International Bank (Egypt) S.A.E. Trading Down 2.6%

Commercial International Bank (Egypt) S.A.E. stock opened at $2.42 on Friday. The stock has a fifty day moving average price of $2.62 and a two-hundred day moving average price of $2.51. Commercial International Bank has a 52-week low of $1.67 and a 52-week high of $2.87.

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) last posted its quarterly earnings results on Monday, July 20th. The company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $661.63 million during the quarter.

About Commercial International Bank (Egypt) S.A.E.

Commercial International Bank (Egypt) SAE. (OTCMKTS:CIBEY) is one of Egypt’s leading private sector banks, offering a comprehensive suite of banking and financial services to individuals, small and medium-sized enterprises (SMEs), large corporations and government entities. Founded in 1975 as Egypt’s first truly private bank, CIB has built an extensive domestic network of branches and digital channels to serve a broad customer base across urban and rural markets. The bank’s core operations encompass retail banking, corporate and investment banking, treasury and capital markets, trade finance and risk management.

In its retail segment, CIB provides deposit accounts, credit and debit cards, personal and mortgage loans, auto finance and wealth management advisory.