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Friday, March 5, 2021

FISI Saw An Increase In The Short Interest By About 15.6%

The stocks of FISI have been a major recipient of an increase in short interest in the last month of 2020 according to reports. As far as 31st of December is considered, the short interest accrued was about 158,300 which has been an increase of about 15.6% from the previous short interest total of about 136,900 shares. At this moment, close to 1.0% of the company shares have been sold at a short rate. Considering the daily trading on an average of about 58,200 shares- the ratio for days-to-cover has been about 2.7 days. 

The Quarterly Earnings of FISI

There have been quite a few research equities that have commented on the stocks of FISI. TheStreet has already increased the rating of the company from c+ to b, in a 10th November research report. Piper Sandler has already decreased the price target on the company from $24 to $23, along with a rating of overweight published in a 28th September research report. Sidoti has gone the other way with a rating of neutral increased to a rating of buy along with a price target of $25.

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Two of the analysts covering the stocks of the firm have already given it a rating of hold, while two others have given the stocks a rating of buy. Currently, FISI has a Buy rating, with a $23 price target on it. 

The stocks of FISI started trading on Wednesday at $24.71. The debt-to-equity ratio of the company has been set at 0.09, while the quick ratio has been fixed at 0.87. The market cap of the firm has been fixed at $396.30 million, with a 1.15 beta, and a 10.98 PE ratio. The moving average price of the firm over 50-days is $22.91, and a moving average price over 200-days has been set at $18.54.

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