Short Interest in Citizens Bancshares Co. (OTCMKTS:CZBS) Drops By 66.7%

Citizens Bancshares Co. (OTCMKTS:CZBS) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 66.7% from the February 28th total of 300 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is presently 0.0 days.

Citizens Bancshares Stock Performance

Shares of Citizens Bancshares stock opened at $52.00 on Thursday. Citizens Bancshares has a one year low of $44.40 and a one year high of $63.00. The firm has a fifty day moving average of $52.66 and a two-hundred day moving average of $52.77.

Citizens Bancshares Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $1.10 per share. This is a positive change from Citizens Bancshares’s previous annual dividend of $1.00. This represents a dividend yield of 2.07%. The ex-dividend date was Monday, March 10th.

Citizens Bancshares Company Profile

Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking services to individual and corporate customers. The company offers checking and savings accounts; and demand and money market deposits. Its loan products include commercial, financial, and agricultural loans; loans secured by personal property, such as automobiles, marketable securities, and other titled recreational vehicles and motorcycles, as well as unsecured consumer debt; commercial real estate loans; single-family residential loans; and construction and development loans.