M&F Bancorp Inc. (OTCMKTS:MFBP) Shares Shorted: Short Interest Up 81.4% in September

by · The Cerbat Gem

M&F Bancorp Inc. (OTCMKTS:MFBP – Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 586 shares, an increase of 81.4% from the September 15th total of 323 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 535 shares, the short-interest ratio is presently 1.1 days.

M&F Bancorp Trading Down 0.9%

MFBP stock traded down $0.45 during trading on Friday, hitting $48.55. 2,000 shares of the company’s stock were exchanged, compared to its average volume of 1,956. M&F Bancorp has a 52-week low of $18.40 and a 52-week high of $49.50. The stock has a market capitalization of $94.19 million, a price-to-earnings ratio of 45.80 and a beta of -0.62. The business has a 50-day moving average price of $48.62 and a two-hundred day moving average price of $36.30.

M&F Bancorp (OTCMKTS:MFBP – Get Free Report) last announced its earnings results on Friday, July 31st. The financial services provider reported $0.18 EPS for the quarter. The business had revenue of $5.77 million during the quarter.

About M&F Bancorp

(Get Free Report)

M&F Bancorp, Inc is a bank holding company for Mechanics and Farmers Bank (M&F Bank), a community bank headquartered in Durham, North Carolina. M&F Bank provides banking services to individuals, families, businesses and nonprofit organizations, including deposit accounts, consumer and commercial lending, mortgage services, online and mobile banking, and treasury-management services.

Founded in 1907, M&F Bank is one of the oldest African American-owned banks in the United States.

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