CFSB Bancorp, Inc. (NASDAQ:CFSB) Short Interest Down 41.8% in September

Key Points

• The short interest for CFSB Bancorp, Inc. decreased by 41.8% in September, dropping from 7,900 shares to 4,600 shares.
• In its latest quarterly results, the company reported a revenue of $2.08 million and an earnings per share (EPS) of (0.01).
• Institutional investors have been active, with significant purchases including a new position worth $75,000 by Longfellow Investment Management and a 31.0% increase by Geode Capital Management.

CFSB Bancorp, Inc. (NASDAQ:CFSB - Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,600 shares, a drop of 41.8% from the August 31st total of 7,900 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.2% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of CFSB Bancorp in a report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Longfellow Investment Management Co. LLC purchased a new position in CFSB Bancorp in the second quarter worth about $75,000. Geode Capital Management LLC boosted its position in shares of CFSB Bancorp by 31.0% during the second quarter. Geode Capital Management LLC now owns 24,642 shares of the company's stock valued at $338,000 after buying an additional 5,826 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of CFSB Bancorp during the second quarter valued at approximately $383,000. Hedge funds and other institutional investors own 1.39% of the company's stock.

CFSB Bancorp Trading Up 0.1%

Shares of CFSB stock opened at $14.13 on Friday. The stock has a market capitalization of $92.55 million, a price-to-earnings ratio of -353.25 and a beta of 0.50. CFSB Bancorp has a 12-month low of $6.41 and a 12-month high of $14.24. The stock's 50-day moving average price is $14.02 and its 200-day moving average price is $11.94.

CFSB Bancorp (NASDAQ:CFSB - Get Free Report) last released its quarterly earnings results on Thursday, September 18th. The company reported ($0.01) EPS for the quarter. The company had revenue of $2.08 million during the quarter. CFSB Bancorp had a negative return on equity of 0.35% and a negative net margin of 1.92%.

About CFSB Bancorp

CFSB Bancorp, Inc focuses on operating as a holding company for Colonial Federal Savings Bank that provides various financial services to individuals and small businesses. It accepts various deposits, including non-interest-bearing checking accounts, interest-bearing checking accounts, money market accounts, savings accounts, and certificates of deposit.

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