Citizens Bancshares Co. (OTCMKTS:CZBS) Sees Significant Increase in Short Interest

Citizens Bancshares Co. (OTCMKTS:CZBS - Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 400 shares, an increase of 300.0% from the September 30th total of 100 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is presently 0.3 days.

Citizens Bancshares Stock Performance

Citizens Bancshares stock remained flat at $56.00 during mid-day trading on Friday. The company had a trading volume of 21 shares, compared to its average volume of 1,593. Citizens Bancshares has a 12 month low of $33.50 and a 12 month high of $56.00. The firm's 50-day simple moving average is $50.47 and its 200-day simple moving average is $48.49.

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.

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