Short Interest in Bimini Capital Management Inc. (OTCMKTS:BMNM) Declines By 37.3%

Bimini Capital Management Inc. (OTCMKTS:BMNM) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 304 shares, a decline of 37.3% from the August 15th total of 485 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 14,373 shares, the short-interest ratio is currently 0.0 days.

Bimini Capital Management Stock Performance

Shares of BMNM stock opened at $3.32 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.99. The firm has a market cap of $33.40 million, a P/E ratio of 5.19 and a beta of 0.20. The company has a 50 day moving average of $2.85 and a 200-day moving average of $2.80. Bimini Capital Management has a 12-month low of $0.99 and a 12-month high of $3.89.

Bimini Capital Management (OTCMKTS:BMNM) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.04 earnings per share for the quarter. Bimini Capital Management had a return on equity of 52.04% and a net margin of 30.06%.

Bimini Capital Management Company Profile

Bimini Capital Management, Inc, through its subsidiaries, operates as a specialty finance company in the United States. The company operates in two segments, Asset Management and Investment Portfolio. The Asset Management segment includes investment advisory services by Bimini Advisors to Orchid Island Capital, Inc and Royal Palm Capital, LLC. The Investment Portfolio segment engages in investment activities conducted by Royal Palm Capital, LLC. It invests in residential mortgage-backed securities.