Short Interest in GBank Financial Holdings Inc. (OTCMKTS:GBFH) Declines By 6.3%

GBank Financial Holdings Inc. (OTCMKTS:GBFH) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 1,500 shares, a decrease of 6.3% from the September 30th total of 1,600 shares. Based on an average daily trading volume, of 25,700 shares, the short-interest ratio is presently 0.1 days.

GBank Financial Stock Performance

Shares of OTCMKTS GBFH opened at $28.50 on Friday. The firm has a fifty day simple moving average of $22.58 and a two-hundred day simple moving average of $18.80. GBank Financial has a 12 month low of $12.20 and a 12 month high of $29.50.

GBank Financial (OTCMKTS:GBFH) last announced its earnings results on Tuesday, July 30th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. The business had revenue of $15.51 million for the quarter, compared to the consensus estimate of $14.10 million. As a group, analysts predict that GBank Financial will post 1.26 earnings per share for the current fiscal year.

About GBank Financial

GBank Financial Holdings Inc operates as a bank holding company for GBank that provides banking services to commercial and consumer customers in Nevada. The company offers business and personal checking and savings accounts. It also provides small business administration loans; commercial real estate, equipment, business term, and medical/professional loans; business lines of credit; accounts receivable/inventory financing services; and credit cards.