Bar Harbor Bankshares (NYSEAMERICAN:BHB) Short Interest Down 15.2% in December

Bar Harbor Bankshares (NYSEAMERICAN:BHB) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 91,500 shares, a decrease of 15.2% from the December 15th total of 107,900 shares. Based on an average trading volume of 29,400 shares, the short-interest ratio is currently 3.1 days. Currently, 0.6% of the shares of the stock are short sold.

NYSEAMERICAN BHB opened at $23.94 on Monday. Bar Harbor Bankshares has a one year low of $21.24 and a one year high of $27.58.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.47 earnings per share for the quarter. The business had revenue of $30.09 million during the quarter.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can purchased a new position in Bar Harbor Bankshares in the second quarter worth about $34,000. Captrust Financial Advisors raised its holdings in Bar Harbor Bankshares by 45.5% during the 2nd quarter. Captrust Financial Advisors now owns 3,995 shares of the financial services provider’s stock valued at $106,000 after buying an additional 1,250 shares during the period. Russell Investments Group Ltd. bought a new stake in Bar Harbor Bankshares in the third quarter worth $216,000. Millennium Management LLC bought a new stake in Bar Harbor Bankshares in the third quarter worth $217,000. Finally, Parametric Portfolio Associates LLC bought a new stake in Bar Harbor Bankshares in the second quarter worth $231,000.

About Bar Harbor Bankshares

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, retail, and wealth management banking products and services. It offers various deposit products, including interest-bearing and non-interest-bearing demand accounts, time deposits, and checking, savings, and money market accounts, as well as certificates of deposit.

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