Bar Harbor Bankshares (NYSEMKT:BHB) Can’t Be More Risky. Short Interest Increased

Posted by on Aug 9, 2017 in Local News | Comments Off on Bar Harbor Bankshares (NYSEMKT:BHB) Can’t Be More Risky. Short Interest Increased

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August 9, 2017 – By Max Morgan

 Bar Harbor Bankshares (NYSEMKT:BHB) Can't Be More Risky. Short Interest Increased

The stock of Bar Harbor Bankshares (NYSEMKT:BHB) registered an increase of 11.46% in short interest. BHB’s total short interest was 196,400 shares in August as published by FINRA. Its up 11.46% from 176,200 shares, reported previously. With 35,000 shares average volume, it will take short sellers 6 days to cover their BHB’s short positions. The short interest to Bar Harbor Bankshares’s float is 1.33%.

The stock decreased 0.26% or $0.07 during the last trading session, reaching $27.12. About shares traded. Bar Harbor Bankshares (NYSEMKT:BHB) has risen 40.17% since August 9, 2016 and is uptrending. It has outperformed by 23.47% the SP500.

Bar Harbor Bankshares is a bank holding company. The company has market cap of $417.40 million. The Company’s operating subsidiary, Bar Harbor Bank Trust , is a community bank, which offers a range of deposit, loan and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. It has a 19.51 P/E ratio. In addition, the Company offers trust and investment management services through its second tier subsidiary, Bar Harbor Trust Services, a Maine chartered non-depository trust company.

More recent Bar Harbor Bankshares (NYSEMKT:BHB) news were published by: Seekingalpha.com which released: “Bar Harbor Or Camden National?” on July 07, 2017. Also Businesswire.com published the news titled: “Bar Harbor Bankshares Announces [Three-for-Two] Stock Split as a Large Stock …” on February 21, 2017. Finance.Yahoo.com‘s news article titled: “Bar Harbor Bankshares and Lake Sunapee Bank Group Complete Merger” with publication date: January 13, 2017 was also an interesting one.

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Article source: https://bzweekly.com/bar-harbor-bankshares-nysemktbhb-cant-be-more-risky-short-interest-increased/