Citizens Bancshares Co. Experiences Surge in Short Interest

Citizens Bancshares Co. (OTCMKTS:CZBS - Get Free Report) saw a notable rise in short interest during October. As reported on October 15th, the total short interest reached 400 shares. This figure represents a dramatic increase of 300% compared to the 100 shares recorded on September 30th. With an average daily trading volume of 1,500 shares, the current days-to-cover ratio stands at 0.3 days.

Current Stock Performance of Citizens Bancshares

During mid-day trading on Friday, Citizens Bancshares stock held steady at $56.00. The trading volume for the day was just 21 shares, falling short of the usual average volume of 1,593 shares. Over the past year, the stock has fluctuated between a low of $33.50 and a high of $56.00. The company's 50-day simple moving average is recorded at $50.47, while the 200-day simple moving average is at $48.49.

Overview of Citizens Bancshares Company

Citizens Bancshares Corporation acts as the holding entity for Citizens Trust Bank. The bank provides a range of commercial banking services catering to both individual and corporate clients. Its offerings include checking and savings accounts, various types of deposits, and a wide array of loan products. These loan products encompass commercial, financial, and agricultural loans, secured loans tied to personal property like automobiles and recreational vehicles, as well as unsecured consumer debt. The bank also provides commercial real estate financing, single-family home loans, and loans for construction and development.

Analysis and Recommendations

As investors evaluate Citizens Bancshares, it is essential to note that analysts currently rate the stock as a “hold.” However, some top-rated analysts suggest considering other options. According to recent assessments, there are five stocks that analysts believe have higher potential than Citizens Bancshares.

In today’s ever-changing market landscape, investors are advised to closely monitor market trends and shifts in stock performance to make informed decisions.

Citizens, Bancshares, Stock