CFSB Bancorp, Inc. (NASDAQ:CFSB) Short Interest Up 267.4% in September

Key Points

• CFSB Bancorp experienced a significant increase in short interest, rising 267.4% in September, with a total of 16,900 shares sold short by the end of the month.
• Institutional investors are showing interest in CFSB Bancorp, with new stakes acquired worth approximately $383,000 and $75,000 by two firms in the second quarter.
• Analysts have rated CFSB Bancorp with a "hold" rating, indicating a cautious outlook on the stock's performance amid ongoing financial challenges.

CFSB Bancorp, Inc. (NASDAQ:CFSB - Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 16,900 shares, an increase of 267.4% from the September 15th total of 4,600 shares. Approximately 0.6% of the company's shares are sold short. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is presently 6.3 days. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is presently 6.3 days. Approximately 0.6% of the company's shares are sold short.

Hedge Funds Weigh In On CFSB Bancorp

Institutional investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ acquired a new stake in CFSB Bancorp in the second quarter valued at approximately $383,000. Longfellow Investment Management Co. LLC acquired a new stake in CFSB Bancorp in the second quarter valued at approximately $75,000. Finally, Geode Capital Management LLC boosted its stake in CFSB Bancorp by 31.0% in the second quarter. Geode Capital Management LLC now owns 24,642 shares of the company's stock valued at $338,000 after acquiring an additional 5,826 shares in the last quarter. 1.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of CFSB Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

CFSB Bancorp Stock Up 0.1%

Shares of CFSB stock opened at $14.11 on Friday. The firm has a market cap of $92.42 million, a price-to-earnings ratio of -352.75 and a beta of 0.50. The company's 50 day moving average is $14.06 and its 200 day moving average is $12.35. CFSB Bancorp has a 52-week low of $6.41 and a 52-week high of $14.24.

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

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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