Citizens Bancshares Corp. (OTCMKTS:CZBS) Sees Large Decrease in Short Interest

Citizens Bancshares Corp. (OTCMKTS:CZBS) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 31 shares, a decline of 80.1% from the May 31st total of 156 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,017 shares, the days-to-cover ratio is presently 0.0 days.

Citizens Bancshares Stock Performance

Citizens Bancshares stock traded down $0.20 during mid-day trading on Friday, reaching $53.40. The stock had a trading volume of 32,620 shares, compared to its average volume of 3,335. Citizens Bancshares has a one year low of $39.01 and a one year high of $53.83. The company has a 50-day moving average price of $51.47 and a two-hundred day moving average price of $47.57.

About Citizens Bancshares

Citizens Bancshares, Inc (OTCMKTS:CZBS) is a U.S. bank holding company that provides a range of commercial and retail banking products and services. Through its subsidiary, Citizens Bank, the company offers deposit accounts such as checking, savings and certificates of deposit, along with online banking and mobile payment solutions.

On the lending side, Citizens Bancshares underwrites and services various credit products, including residential mortgage loans, home equity lines of credit, consumer installment loans and commercial and industrial financing.