M&F Bancorp Inc. (OTCMKTS:MFBP) Sees Significant Growth in Short Interest

M&F Bancorp Inc. (OTCMKTS:MFBP) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 289 shares, a growth of 224.7% from the May 14th total of 89 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

M&F Bancorp Price Performance

MFBP stock remained flat at $27.00 during trading on Friday. 11 shares of the company’s stock traded hands, compared to its average volume of 834. M&F Bancorp has a fifty-two week low of $18.15 and a fifty-two week high of $28.35. The firm has a 50 day simple moving average of $25.69 and a two-hundred day simple moving average of $22.45. The firm has a market capitalization of $52.38 million, a PE ratio of 20.77 and a beta of -0.53.

M&F Bancorp (OTCMKTS:MFBP) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.24 EPS for the quarter. The business had revenue of $5.74 million for the quarter.

About M&F Bancorp

M&F Bancorp, Inc is the bank holding company for M&F Bank, a community bank headquartered in Martinsville, Virginia. Through its subsidiary, the company offers a comprehensive suite of commercial and retail banking products and services designed to meet the needs of individuals, small- and medium-sized businesses, and municipal entities. Core offerings include checking and savings accounts, money market and time deposit products, consumer and mortgage loans, and commercial lending solutions.

Operating primarily in southwestern Virginia and northern North Carolina, M&F Bank maintains a network of full-service branches complemented by digital banking channels.