TC Bancshares, Inc. (NASDAQ:TCBC) Short Interest Update

TC Bancshares, Inc. (NASDAQ:TCBC – Get Rating) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 2,800 shares, a drop of 62.2% from the April 30th total of 7,400 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 7,200 shares, the short-interest ratio is currently 0.4 days.

TC Bancshares Stock Performance

Shares of NASDAQ TCBC traded up $0.04 during midday trading on Friday, hitting $14.11. The stock had a trading volume of 10,129 shares, compared to its average volume of 6,667. TC Bancshares has a 1-year low of $13.00 and a 1-year high of $17.27. The company has a fifty day moving average price of $14.26 and a 200 day moving average price of $14.97.

Hedge Funds Weigh In On TC Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of TCBC. Brown Advisory Inc. bought a new stake in shares of TC Bancshares in the 3rd quarter valued at approximately $144,000. Arcus Capital Partners LLC acquired a new position in TC Bancshares during the 1st quarter worth $173,000. Thomasville National Bank lifted its holdings in shares of TC Bancshares by 108.1% in the first quarter. Thomasville National Bank now owns 57,750 shares of the company’s stock valued at $840,000 after buying an additional 30,000 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of TC Bancshares by 6.7% in the first quarter. Vanguard Group Inc. now owns 161,361 shares of the company’s stock valued at $2,277,000 after buying an additional 10,098 shares during the period. 15.89% of the stock is owned by institutional investors and hedge funds.

About TC Bancshares

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TC Bancshares, Inc operates as the holding company for TC Federal Bank that provides various banking services for individual and commercial customers in the United States. It accepts various deposit products, including personal checking accounts, business checking accounts, savings accounts, money market accounts, and certificates of deposit.