M&F Bancorp Inc. (OTCMKTS:MFBP) Sees Large Increase in Short Interest

M&F Bancorp Inc. (OTCMKTS:MFBP) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 133 shares, an increase of 72.7% from the July 30th total of 77 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 6,900 shares, the short-interest ratio is presently 0.0 days.

M&F Bancorp Price Performance

M&F Bancorp stock remained flat at $48.50 during midday trading on Tuesday. 541 shares of the company’s stock traded hands, compared to its average volume of 2,230. The business’s 50 day simple moving average is $40.47 and its 200-day simple moving average is $30.33. M&F Bancorp has a 12-month low of $18.40 and a 12-month high of $49.40. The firm has a market capitalization of $93.94 million, a P/E ratio of 45.76 and a beta of -0.59.

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 business had revenue of $5.77 million for the quarter.

About M&F Bancorp

M&F Bancorp, Inc is the bank holding company for M&F Bank, a community bank headquartered in Martinsville, Virginia. Through its subsidiary, the company offers a comprehensive suite of commercial and retail banking products and services designed to meet the needs of individuals, small- and medium-sized businesses, and municipal entities. Core offerings include checking and savings accounts, money market and time deposit products, consumer and mortgage loans, and commercial lending solutions.

Operating primarily in southwestern Virginia and northern North Carolina, M&F Bank maintains a network of full-service branches complemented by digital banking channels.