First National Bank Alaska (OTCMKTS:FBAK) Sees Significant Decrease in Short Interest

Key Points

• First National Bank Alaska experienced a significant drop in short interest, falling to just 100 shares as of July 31st, a decrease of 50% from the previous total.
• The bank's stock opened at $278.15 with a fifty-two week range of $196.51 to $280.00, while maintaining a market cap of $881.72 million.
• First National Bank Alaska reported $5.80 EPS and $52.52 million in revenue during its latest quarterly earnings on August 8th.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 100 shares, adropof50.0% from the July 15th total of 200 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 0.1 days. Currently,0.0% of the company's stock are short sold. Currently,0.0% of the company's stock are short sold. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 0.1 days.

First National Bank Alaska Price Performance

OTCMKTS FBAK opened at $278.15 on Friday. First National Bank Alaska has a fifty-two week low of $196.51 and a fifty-two week high of $280.00. The stock's 50-day moving average is $261.49 and its two-hundred day moving average is $247.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market cap of $881.72 million, a P/E ratio of 11.90 and a beta of 0.32.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The financial services provider reported $5.80 EPS for the quarter. The business had revenue of $52.52 million during the quarter.

First National Bank Alaska Company Profile

First National Bank Alaska, a commercial bank, provides various banking products and services for business, industry, and individual customers primarily in Alaska. The company offers savings and checking accounts; money market deposits; safe deposit services; certificates of deposit; individual retirement accounts; and personal, home equity, and construction loans, as well as loans for stability and growth.

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