M&F Bancorp Inc. (OTCMKTS:MFBP) Shares Shorted: Short Interest Up 976.7% in September

M&F Bancorp Inc. (OTCMKTS:MFBP) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 323 shares, an increase of 976.7% from the August 31st total of 30 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,712 shares, the short-interest ratio is currently 0.1 days.

M&F Bancorp Stock Performance

M&F Bancorp stock opened at $49.25 on Friday. M&F Bancorp has a one year low of $18.40 and a one year high of $49.40. The company has a 50-day simple moving average of $47.16 and a 200-day simple moving average of $33.62. The firm has a market capitalization of $95.55 million, a P/E ratio of 46.46 and a beta of -0.58.

M&F Bancorp (OTCMKTS:MFBP) last posted its earnings results on Friday, July 31st. The financial services provider reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $5.77 million for the quarter.

M&F Bancorp Company Profile

M&F Bancorp, Inc is a bank holding company for Mechanics and Farmers Bank, commonly known as M&F Bank. The company provides banking and financial services to individuals, businesses, and community organizations through its banking operations.

M&F Bank offers products and services that generally include consumer and business deposit accounts, commercial and personal lending, mortgage lending, online and mobile banking, and other treasury and financial management services. Its activities are focused primarily on serving customers in North Carolina.

Founded in 1907, Mechanics and Farmers Bank has a long history of supporting underserved communities and is recognized as one of the nation’s historically Black-owned banks.