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

Citizens Bancshares Co. (OTCMKTS:CZBS) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 400 shares, a growth of 300.0% from the September 30th total of 100 shares. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is currently 0.3 days.

Citizens Bancshares Stock Performance

CZBS opened at $56.00 on Friday. The stock has a 50-day moving average of $50.47 and a 200-day moving average of $48.49. Citizens Bancshares has a 52-week low of $33.50 and a 52-week high of $56.00.

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.