M&F Bancorp Inc. (OTCMKTS:MFBP) Shares Shorted: Short Interest Up 976.7% in September

M&F Bancorp Inc. (OTCMKTS:MFBP) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 323 shares, an increase of 976.7% from the August 31st total of 30 shares. Based on an average trading volume of 2,712 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

M&F Bancorp Trading Down 1.2%

Shares of MFBP traded down $0.60 during mid-day trading on Friday, hitting $48.65. 150 shares of the company traded hands, compared to its average volume of 782. M&F Bancorp has a one year low of $18.40 and a one year high of $49.40. The business has a 50-day moving average of $47.56 and a 200 day moving average of $33.72. The stock has a market capitalization of $94.38 million, a price-to-earnings ratio of 45.90 and a beta of -0.58.

M&F Bancorp (OTCMKTS:MFBP) last posted its quarterly earnings data on Friday, July 31st. The financial services provider reported $0.18 earnings per share for the quarter. The company had revenue of $5.77 million during the quarter.

M&F Bancorp Company Profile

M&F Bancorp, Inc is a bank holding company for Mechanics and Farmers Bank, commonly known as M&F Bank. The company provides banking and financial services to individuals, businesses, and community organizations through its banking operations.

M&F Bank offers products and services that generally include consumer and business deposit accounts, commercial and personal lending, mortgage lending, online and mobile banking, and other treasury and financial management services. Its activities are focused primarily on serving customers in North Carolina.

Founded in 1907, Mechanics and Farmers Bank has a long history of supporting underserved communities and is recognized as one of the nation’s historically Black-owned banks.