Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Up 66.7% in May

Texas Community Bancshares, Inc. (NASDAQ:TCBS – Get Rating) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 2,000 shares, a growth of 66.7% from the April 30th total of 1,200 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Texas Community Bancshares Stock Up 1.3 %

NASDAQ:TCBS traded up $0.15 during mid-day trading on Friday, hitting $11.90. The company had a trading volume of 20,651 shares, compared to its average volume of 4,141. The business has a fifty day simple moving average of $11.99 and a 200-day simple moving average of $14.17. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12. Texas Community Bancshares has a 1 year low of $9.38 and a 1 year high of $17.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TCBS. Susquehanna International Group LLP increased its position in shares of Texas Community Bancshares by 9.4% during the first quarter. Susquehanna International Group LLP now owns 20,104 shares of the company’s stock worth $275,000 after acquiring an additional 1,732 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Texas Community Bancshares by 323.0% in the fourth quarter. Alliancebernstein L.P. now owns 88,100 shares of the company’s stock valued at $1,352,000 after buying an additional 67,272 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Texas Community Bancshares by 3.9% in the second quarter. Millennium Management LLC now owns 17,260 shares of the company’s stock valued at $284,000 after buying an additional 646 shares during the last quarter. 2.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, TheStreet cut Texas Community Bancshares from a “c” rating to a “d+” rating in a report on Tuesday, May 2nd.

Texas Community Bancshares Company Profile

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Texas Community Bancshares, Inc operates as the bank holding company for Mineola Community Bank, S.S.B. that provides loans and banking services to consumers and commercial customers in Mineola, Texas and the surrounding area, and the Dallas Fort Worth Metroplex. It generates a selection of deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts.