Citizens Bancshares Co. Experiences Remarkable Surge in Short Interest

Citizens Bancshares Co. (OTCMKTS:CZBS) has recently witnessed a substantial rise in short interest throughout October. As of October 15th, the short interest for the company amounted to 400 shares, reflecting a massive increase of 300.0% compared to the total of 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.

Citizens Bancshares Stock Performance

Despite the surge in short interest, Citizens Bancshares shares remained stable at a price of $56.00 during mid-day trading on the latest Friday. The trading volume for that day reached just 21 shares, which is considerably lower than the average volume of 1,593 shares. Over the past year, the stock has hit a low of $33.50 and a high of $56.00. In addition, the firm's 50-day simple moving average is noted at $50.47, while the 200-day simple moving average is at $48.49.

Company Overview of Citizens Bancshares

Citizens Bancshares Corporation serves as the holding company for Citizens Trust Bank, which offers a diverse range of commercial banking services to both individual and corporate clients. The bank provides various account options, including checking and savings accounts, as well as demand and money market deposits. Furthermore, the loan portfolio encompasses a variety of products such as commercial, financial, and agricultural loans, personal property-secured loans—including those backed by automobiles, marketable securities, and other titled vehicles—and unsecured consumer loans. In addition to these, the bank also offers commercial real estate loans, single-family residential loans, and loans for construction and development projects.

Investment Perspective on Citizens Bancshares

Considering an investment of $1,000 in Citizens Bancshares? It's essential to weigh your options. Analysts closely track significant stocks and provide insights on their performance. Notably, while Citizens Bancshares currently holds a 'hold' rating among analysts, several top-rated professionals suggest that there are five other stocks they deem more favorable investments at this time.

To make an informed investment decision, be sure to look into these stronger alternatives, which may offer better growth prospects.

Citizens, Bancshares, stocks