Community First Bancshares Inc (NASDAQ:CFBI) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 200 shares, a drop of 95.3% from the July 31st total of 4,300 shares. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.
Institutional investors and hedge funds have recently bought and sold shares of the company. Context BH Capital Management LP acquired a new stake in Community First Bancshares during the second quarter worth approximately $312,000. Renaissance Technologies LLC boosted its position in shares of Community First Bancshares by 15.2% in the 2nd quarter. Renaissance Technologies LLC now owns 50,450 shares of the company’s stock worth $501,000 after buying an additional 6,650 shares in the last quarter. Finally, Maltese Capital Management LLC raised its stake in Community First Bancshares by 69.9% in the 2nd quarter. Maltese Capital Management LLC now owns 92,523 shares of the company’s stock valued at $919,000 after purchasing an additional 38,066 shares during the last quarter. 3.87% of the stock is owned by institutional investors.
NASDAQ CFBI traded up $0.05 during trading on Thursday, reaching $10.11. 100 shares of the company’s stock were exchanged, compared to its average volume of 5,849. Community First Bancshares has a fifty-two week low of $9.82 and a fifty-two week high of $11.92. The firm has a market capitalization of $76.94 million, a PE ratio of 254.50 and a beta of -0.03. The company’s fifty day simple moving average is $10.07 and its 200-day simple moving average is $10.12.
Community First Bancshares, Inc operates as the holding company for Newton Federal Bank that provides various banking products and services in the United States. The company offers various deposit accounts, including checking accounts, savings accounts, and certificate of deposit accounts. It also provides one-to four-family residential real estate loans, commercial real estate loans, commercial and industrial loans, construction and land loans, indirect automobile loans, and consumer loans, as well as multi-family residential real estate loans, and home equity loans and lines of credit.
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