Short Interest in Citizens Bancshares Corp. (OTCMKTS:CZBS) Rises By 150.0%

Key Points

• Short interest in Citizens Bancshares Corp. rose by 150.0% as of July 15th, reaching 500 shares compared to 200 shares on June 30th.
• The company's stock price remained flat at $46.00, with a trading volume of 1,219 shares, below its average volume of 1,856 shares.
• Citizens Bancshares Corporation serves as the holding company for Citizens Trust Bank, offering a range of commercial banking services to individual and corporate customers.

Citizens Bancshares Corp. (OTCMKTS:CZBS - ) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 500 shares, a growth of 150.0% from the June 30th total of 200 shares. Based on an average daily trading volume, of 3,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company's stock are sold short.

Citizens Bancshares Price Performance

CZBS remained flat at $46.00 during trading on Tuesday. The company's stock had a trading volume of 1,219 shares, compared to its average volume of 1,856. Citizens Bancshares has a 52 week low of $41.51 and a 52 week high of $63.00. The company's fifty day simple moving average is $46.90 and its two-hundred day simple moving average is $49.45.

About Citizens Bancshares

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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