Short Interest in Bank Leumi le-Israel B.M. (OTCMKTS:BLMIF) Drops By 56.0%

Bank Leumi le-Israel B.M. (OTCMKTS:BLMIF) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,200 shares, a drop of 56.0% from the January 29th total of 2,728 shares. Based on an average daily trading volume, of 340 shares, the short-interest ratio is presently 3.5 days. Based on an average daily trading volume, of 340 shares, the short-interest ratio is presently 3.5 days.

Bank Leumi le-Israel B.M. Stock Up 1.1%

BLMIF stock traded up $0.28 during trading on Friday, reaching $25.15. 234 shares of the stock were exchanged, compared to its average volume of 3,417. The firm’s 50 day moving average is $24.18 and its 200 day moving average is $21.64. Bank Leumi le-Israel B.M. has a twelve month low of $13.50 and a twelve month high of $26.00.

Bank Leumi le-Israel B.M. Company Profile

Bank Leumi le-Israel B.M., commonly known as Bank Leumi, is one of Israel’s largest banking and financial services groups. Established in 1902 as the Anglo-Palestine Company, the bank played a foundational role in the economic development of Mandatory Palestine and, later, the State of Israel. Headquartered in Tel Aviv, Bank Leumi operates under the supervision of the Bank of Israel and maintains a network of domestic branches alongside a growing digital banking platform.

The bank’s core businesses encompass retail banking, private banking, corporate and commercial banking, and global banking services.