Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Sees Large Decline in Short Interest

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 5,500 shares, a decrease of 24.7% from the October 15th total of 7,300 shares. Based on an average trading volume of 8,700 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

Rhinebeck Bancorp Stock Performance

Shares of NASDAQ:RBKB traded down $0.03 during midday trading on Friday, reaching $9.60. The company's stock had a trading volume of 3,831 shares, compared to its average volume of 6,897. The firm has a market capitalization of $106.46 million, a PE ratio of -20.49 and a beta of 0.74. The stock has a fifty day moving average of $9.01 and a 200 day moving average of $8.35. Rhinebeck Bancorp has a twelve month low of $6.10 and a twelve month high of $9.81. The company has a quick ratio of 0.96, a current ratio of 0.94 and a debt-to-equity ratio of 0.53.

Institutional Trading of Rhinebeck Bancorp

A hedge fund recently raised its stake in Rhinebeck Bancorp stock. Empowered Funds LLC increased its holdings in shares of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Free Report) by 5.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,314 shares of the company's stock after acquiring an additional 2,546 shares during the period. Empowered Funds LLC owned approximately 0.45% of Rhinebeck Bancorp worth $465,000 as of its most recent SEC filing. Institutional investors and hedge funds own 23.88% of the company's stock.

Rhinebeck Bancorp Company Profile

Rhinebeck Bancorp, Inc operates as the bank holding company for Rhinebeck Bank that provides banking and financial products and services to consumer and commercial customers in the Hudson Valley region of New York. The company offers deposits, including non-interest-bearing demand, interest bearing demand, money market, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.