Short Interest in First Merchants Co. (NASDAQ:FRMEP) Grows By 20.0%

First Merchants Co. (NASDAQ:FRMEP) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 600 shares, an increase of 20.0% from the September 15th total of 500 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is presently 0.6 days.

First Merchants Stock Performance

First Merchants stock remained flat at $25.46 during trading on Wednesday. The company had a trading volume of 145 shares, compared to its average volume of 1,267. First Merchants has a 52-week low of $22.79 and a 52-week high of $26.43. The firm’s 50-day moving average price is $25.32 and its 200 day moving average price is $25.29.

About First Merchants

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans.