Potomac Bancshares, Inc. (OTCMKTS:PTBS) Short Interest Down 85.3% in March

Key Points

• Short interest plunged 85.3% in March to just 54 shares as of March 31 (down from 367 on March 15), representing about 0.0% of shares sold short and a short-interest ratio of 0.0 days.
• PTBS traded at $19.75 (down $0.20) with a market cap of $88.68 million and a P/E of 9.14, and the company reported quarterly EPS of $0.52 on $10.83 million in revenue.

Potomac Bancshares, Inc. (OTCMKTS:PTBS - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 54 shares, a drop of 85.3% from the March 15th total of 367 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 3,437 shares, the short-interest ratio is presently 0.0 days.

Potomac Bancshares Stock Performance

PTBS stock traded down $0.20 during trading on Friday, hitting $19.75. The stock had a trading volume of 582 shares, compared to its average volume of 1,483. The stock has a market cap of $88.68 million, a price-to-earnings ratio of 9.14 and a beta of 0.21. The company's 50 day moving average price is $19.68 and its two-hundred day moving average price is $18.94. Potomac Bancshares has a 1-year low of $14.59 and a 1-year high of $20.28.

Potomac Bancshares (OTCMKTS:PTBS - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.52 EPS for the quarter. The firm had revenue of $10.83 million for the quarter.

About Potomac Bancshares

Potomac Bancshares, Inc serves as the bank holding company for Potomac Bank, a community-focused financial institution headquartered in McLean, Virginia. The company's primary business activities include accepting deposits, extending credit, and providing payment and treasury management solutions. Deposit offerings encompass checking, savings, money market, and certificate accounts, while lending products cover commercial real estate, construction, commercial and industrial, and consumer loans.

Potomac Bank emphasizes relationship-driven banking, tailoring its services to small and mid-sized businesses, nonprofit organizations, and local government agencies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.