Short Interest in First Bancshares Inc. (OTCMKTS:FBSI) Drops By 48.5%

First Bancshares Inc. (OTCMKTS:FBSI) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 418 shares, a drop of 48.5% from the May 31st total of 812 shares. Based on an average daily volume of 98 shares, the short-interest ratio is currently 4.3 days. Currently, 0.0% of the shares of the company are sold short.

First Bancshares Trading Down 0.2%

Shares of OTCMKTS FBSI opened at $30.95 on Tuesday. First Bancshares has a 12 month low of $26.13 and a 12 month high of $35.96. The stock has a 50 day moving average of $32.41 and a 200-day moving average of $32.58. The company has a market capitalization of $74.59 million, a P/E ratio of 9.29 and a beta of 0.12.

First Bancshares (OTCMKTS:FBSI) last posted its quarterly earnings results on Friday, April 10th. The financial services provider reported $0.88 earnings per share for the quarter. The business had revenue of $6.99 million during the quarter.

About First Bancshares

First Bancshares, Inc (OTCMKTS:FBSI) is a bank holding company headquartered in Jackson, Tennessee. Through its primary subsidiary, First Bank, the company provides a full suite of commercial and retail banking services designed to meet the needs of individuals, small- and medium-sized businesses and municipalities.

First Bank’s core offerings include deposit products such as checking, savings and money market accounts, along with business and consumer lending solutions that encompass lines of credit, term loans, mortgage financing and construction loans.