Citizens Bancshares Co. (OTCMKTS:CZBS) Sees Large Drop in Short Interest

Citizens Bancshares Co. (OTCMKTS:CZBS) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 100 shares, a decline of 66.7% from the August 15th total of 300 shares. Based on an average trading volume of 5,100 shares, the days-to-cover ratio is currently 0.0 days.

Citizens Bancshares Stock Performance

Citizens Bancshares stock traded down $0.39 during mid-day trading on Friday, hitting $48.51. The company’s stock had a trading volume of 1,891 shares, compared to its average volume of 1,699. The business has a 50 day moving average price of $47.71 and a 200-day moving average price of $47.86. Citizens Bancshares has a 12 month low of $33.35 and a 12 month high of $51.20.

Citizens Bancshares Company Profile

Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking services to individual and corporate customers. The company offers checking and savings accounts; and demand and money market deposits. Its loan products include commercial, financial, and agricultural loans; loans secured by personal property, such as automobiles, marketable securities, and other titled recreational vehicles and motorcycles, as well as unsecured consumer debt; commercial real estate loans; single-family residential loans; and construction and development loans.