Colony Bankcorp, Inc. (NYSE:CBAN) Short Interest Up 27.8% in August

Key Points

• Colony Bankcorp (NYSE:CBAN) experienced a significant rise in short interest of 27.8% in August, bringing the total to 460,600 shares with a short-interest ratio of 8.1 days.
• Wall Street Zen upgraded Colony Bankcorp's rating from "hold" to "buy", reflecting optimism about the company's performance.
• In its last quarterly results, Colony Bankcorp reported $0.46 earnings per share, exceeding analyst expectations while also achieving a net margin of 15.15%.

Colony Bankcorp, Inc. (NYSE:CBAN - Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 460,600 shares, a growth of 27.8% from the August 15th total of 360,400 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average trading volume of 57,200 shares, the short-interest ratio is currently 8.1 days. Based on an average trading volume of 57,200 shares, the short-interest ratio is currently 8.1 days. Currently, 2.8% of the shares of the stock are sold short.

Colony Bankcorp Price Performance

NYSE:CBAN traded down $0.61 during midday trading on Friday, reaching $17.65. 262,638 shares of the company traded hands, compared to its average volume of 50,504. Colony Bankcorp has a twelve month low of $13.99 and a twelve month high of $18.49. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average of $16.91. The stock has a market capitalization of $308.17 million, a price-to-earnings ratio of 11.17 and a beta of 0.67.

Colony Bankcorp (NYSE:CBAN - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The firm had revenue of $32.48 million for the quarter, compared to the consensus estimate of $31.03 million. Colony Bankcorp had a return on equity of 10.06% and a net margin of 15.15%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Colony Bankcorp from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th.

About Colony Bankcorp

Colony Bankcorp, Inc operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and consumer customers. The company offers various deposit products, including demand, savings, and time deposits. It also provides loans to small and medium-sized businesses; residential and commercial construction, and land development loans; commercial real estate loans; commercial loans; agri-business and production loans; residential mortgage loans; home equity loans; and consumer loans.