Bar Harbor Bankshares Inc (NYSEAMERICAN:BHB) Stock Is Shorted More

May 17, 2018 - By Robert Crowder

The stock of Bar Harbor Bankshares Inc (NYSEAMERICAN:BHB) registered an increase of 16.37% in short interest. BHB’s total short interest was 243,800 shares in May as published by FINRA. Its up 16.37% from 209,500 shares, reported previously. With 36,700 shares average volume, it will take short sellers 7 days to cover their BHB’s short positions. The short interest to Bar Harbor Bankshares Inc’s float is 1.63%.

The stock increased 2.15% or $0.65 during the last trading session, reaching $30.84. About 19,019 shares traded. Bar Harbor Bankshares (NYSEAMERICAN:BHB) has declined 8.06% since May 17, 2017 and is downtrending. It has underperformed by 19.61% the S&P500.

Bar Harbor Bankshares operates as a bank holding firm for Bar Harbor Bank & Trust that provides retail and commercial banking services and products. The company has market cap of $477.59 million. It accepts various retail deposit products, including checking, interest bearing NOW, money market, savings, club, health savings, and individual retirement accounts, as well as short-term and long-term certificates of deposit; and commercial deposit accounts comprising business checking and tiered money market accounts. It has a 18.14 P/E ratio. The firm also offers various loan products, such as home mortgages, residential construction loans, home equity loans and lines of credit, credit cards, and overdraft protection services; secured and unsecured installment loans for new or used automobiles, boats, recreational vehicles, mobile homes, and other personal needs; and business loans to individuals, partnerships, firms, and other business entities for capital construction, real estate and equipment financing, working capital, real estate development, and other business purposes.

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