Short Interest in Citizens Bancshares Co. (OTCMKTS:CZBS) Declines By 66.7%

Citizens Bancshares Co. (OTCMKTS:CZBS) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 66.7% from the February 28th total of 300 shares. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Citizens Bancshares Stock Down 0.1 %

Shares of CZBS stock traded down $0.03 on Friday, hitting $51.97. The company’s stock had a trading volume of 1,850 shares, compared to its average volume of 1,916. Citizens Bancshares has a fifty-two week low of $44.40 and a fifty-two week high of $63.00. The firm’s fifty day moving average price is $52.72 and its 200-day moving average price is $52.79.

Citizens Bancshares Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $1.10 dividend. The ex-dividend date was Monday, March 10th. This represents a dividend yield of 2.07%. This is a boost from Citizens Bancshares’s previous annual dividend of $1.00.

Citizens Bancshares Company Profile

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.