Community First Bancshares Inc (NASDAQ:CFBI) saw a large drop in short interest during 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 0.0 days.
Several hedge funds have recently modified their holdings of CFBI. Renaissance Technologies LLC grew its stake in Community First Bancshares by 15.2% in the 2nd quarter. Renaissance Technologies LLC now owns 50,450 shares of the company’s stock valued at $501,000 after buying an additional 6,650 shares in the last quarter. Context BH Capital Management LP purchased a new position in Community First Bancshares in the 2nd quarter valued at approximately $312,000. Finally, Maltese Capital Management LLC grew 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 buying an additional 38,066 shares in the last quarter. Institutional investors own 3.87% of the company’s stock.
Shares of CFBI stock traded down $0.02 during trading hours on Friday, hitting $10.10. 900 shares of the company were exchanged, compared to its average volume of 5,707. The firm has a fifty day simple moving average of $10.07 and a 200 day simple moving average of $10.12. Community First Bancshares has a 52-week low of $9.82 and a 52-week high of $11.92. The stock has a market capitalization of $76.78 million, a price-to-earnings ratio of 253.96 and a beta of -0.03.
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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