Porter Bancorp, Inc. (NASDAQ:PBIB) Stock Traded 6.7% Above Its 50 Day Moving Average

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Shares of the company are trading at $12.50 slightly over the 50 day moving average of $11.71 and impressively higher than the 200 day moving average of $10.65. The 50 day moving average was up $0.79 or +6.78% and the 200 day average went up $1.85 or +17.34%. Trading volume for Porter Bancorp, Inc. was 10 by the end of trading on Tuesday. Volume was down 98.94% under the stocks average daily volume.

Traders are feeling more bearish on shares of the company recently considering the motion in short interest. The company had a rise in short interest of 20.60% as of the latest report on September 29, 2017. Short interest increased 406 over that period. The days to cover decreased to 2.0 and the percentage of shorted shares is 0.00% as of September 29.

Porter Bancorp, Inc., launched on February 9, 1988, is a bank holding company. The Company operates through its subsidiary, PBI Bank (the Bank). The Bank is a community bank with a range of commercial and personal banking products. It also offers a range of retail and commercial deposit products. In addition, it offers its customers drive-in banking facilities, automatic teller machines, night depository, personalized checks, credit cards, debit cards, Internet banking, mobile banking, treasury management services, remote deposit services, electronic funds transfers through automated clearing house (ACH) services, domestic and foreign wire transfers, cash management, vault services, and loan and deposit sweep accounts. The Company operates banking offices in approximately 12 counties in Kentucky. Its markets include metropolitan Louisville in Jefferson County and the surrounding counties of Henry and Bullitt. It serves south central Kentucky and southern Kentucky from banking offices in Butler, Green, Hart, Edmonson, Barren, Warren, Ohio and Daviess Counties..

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