First Bancshares Inc. (OTCMKTS:FBSI) Sees Significant Increase in Short Interest

First Bancshares Inc. (OTCMKTS:FBSI) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 607 shares, a growth of 467.3% from the April 30th total of 107 shares. Based on an average daily volume of 938 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

First Bancshares Trading Up 0.5%

FBSI stock traded up $0.15 on Friday, hitting $32.85. The company had a trading volume of 100 shares, compared to its average volume of 379. First Bancshares has a 12-month low of $26.12 and a 12-month high of $35.96. The stock’s 50-day simple moving average is $32.02 and its 200 day simple moving average is $32.42. The stock has a market cap of $79.17 million, a price-to-earnings ratio of 9.86 and a beta of 0.11.

First Bancshares (OTCMKTS:FBSI) last issued its earnings results on Friday, April 10th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter. The company 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.