Short Interest in Isabella Bank Co. (OTCMKTS:ISBA) Drops By 87.5%

Isabella Bank Co. (OTCMKTS:ISBAGet Rating) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 100 shares, a decrease of 87.5% from the April 30th total of 800 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is currently 0.0 days.

Separately, Zacks Investment Research raised Isabella Bank from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, February 16th.

Shares of ISBA traded up $0.85 during mid-day trading on Wednesday, hitting $25.40. The company’s stock had a trading volume of 3,038 shares, compared to its average volume of 1,462. Isabella Bank has a one year low of $22.55 and a one year high of $29.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $191.67 million and a PE ratio of 10.58. The stock’s 50-day moving average is $25.07 and its two-hundred day moving average is $25.71.

About Isabella Bank (Get Rating)

Isabella Bank Corporation operates as the bank holding company for Isabella Bank that provides various banking products and services to businesses, institutions, and individuals and their families. Its deposit products include checking accounts, savings accounts, certificates of deposit, direct deposits, and money market accounts.

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