Short Interest in M&F Bancorp Inc. (OTCMKTS:MFBP) Drops By 51.2%

M&F Bancorp Inc. (OTCMKTS:MFBP) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 141 shares, a decrease of 51.2% from the May 31st total of 289 shares. Based on an average daily trading volume, of 1,315 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

M&F Bancorp Trading Up 6.8%

MFBP stock traded up $1.97 during trading on Tuesday, hitting $30.98. 100 shares of the stock traded hands, compared to its average volume of 1,271. The stock has a market cap of $60.10 million, a price-to-earnings ratio of 23.83 and a beta of -0.53. M&F Bancorp has a one year low of $18.40 and a one year high of $31.93. The company has a 50 day simple moving average of $26.72 and a 200 day simple moving average of $23.25.

M&F Bancorp (OTCMKTS:MFBP) last released its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.24 EPS for the quarter. The company had revenue of $5.74 million for the quarter.

M&F Bancorp Company Profile

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.