CFSB Bancorp, Inc. Sees Significant Increase in Short Interest

CFSB Bancorp, Inc. (NASDAQ:CFSB) experienced a notable rise in short interest during February. As of February 28th, the short interest reached 10,800 shares, marking a remarkable increase of 42.1% compared to the 7,600 shares recorded on February 13th. Currently, 0.4% of CFSB's shares are sold short. Given the average daily trading volume of 6,600 shares, the days-to-cover ratio stands at 1.6 days.

Institutional Investment in CFSB Bancorp

Recently, one hedge fund has acquired a new stake in CFSB Bancorp. Garden State Investment Advisory Services LLC purchased a position in CFSB Bancorp, Inc. during the third quarter, according to its recent filing with the Securities and Exchange Commission (SEC). This institutional investor bought 21,000 shares of the company, with a total value of around $145,000. As per its latest filing, Garden State Investment Advisory Services LLC now owns 0.32% of CFSB Bancorp, while hedge funds and other institutional investors collectively own 1.39% of the stock.

CFSB Bancorp Stock Overview

As of last Friday, shares of CFSB opened at $7.64. The company's market capitalization is approximately $50.04 million, accompanied by a price-to-earnings ratio of -764.10 and a beta of 0.10. CFSB's 50-day simple moving average is $7.51, while its 200-day simple moving average is $7.00. The stock has a 52-week low of $6.34 and a 52-week high of $8.28.

CFSB Bancorp last released its quarterly earnings on January 29th, reporting earnings per share of ($0.03). The company had a negative return on equity of 0.06% and a negative net margin of 0.36%.

About CFSB Bancorp

CFSB Bancorp, Inc. serves as a holding company for Colonial Federal Savings Bank, providing a range of financial services to both individuals and small businesses. The bank accepts different types of deposits, including non-interest-bearing checking accounts, interest-bearing checking accounts, money market accounts, savings accounts, and certificates of deposit.

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Should You Invest in CFSB Bancorp?

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Market analysts keep track of the stocks that they recommend to their clients daily. CFSB Bancorp currently holds a Hold rating among analysts, while five other stocks are noted as potentially better investments to buy before the wider market recognizes them.

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