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

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 13,900 shares, a decline of 73.5% from the May 31st total of 52,400 shares. Based on an average daily volume of 20,900 shares, the days-to-cover ratio is currently 0.7 days.

Commercial International Bank (Egypt) S.A.E. Price Performance

Shares of Commercial International Bank (Egypt) S.A.E. stock remained flat at $1.46 on Thursday. The stock had a trading volume of 4,145 shares, compared to its average volume of 229,841. The business has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $1.43. Commercial International Bank has a 12 month low of $1.04 and a 12 month high of $1.81.

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

Commercial International Bank (Egypt) SAE. provides financial products and services in Egypt. The company operates in four segments: Corporate Banking, Investment, Retail Banking, and Assets and Liabilities Management. It offers current and saving accounts, business accounts, time deposits, and certificates of deposit; car, personal, travel, solar, education, and overdraft loans; fund investment management; mortgages services; and insurance products.