Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Drops By 12.5%

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 58,800 shares, a decrease of 12.5% from the June 30th total of 67,200 shares. Based on an average daily volume of 22,100 shares, the short-interest ratio is currently 2.7 days. Approximately 1.3% of the shares of the stock are sold short.

Institutional Trading of Affinity Bancshares

An institutional investor recently bought a new position in Affinity Bancshares stock. Salzhauer Michael purchased a new stake in Affinity Bancshares, Inc. (NASDAQ:AFBI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,576 shares of the company’s stock, valued at approximately $208,000. Salzhauer Michael owned about 0.20% of Affinity Bancshares as of its most recent SEC filing. Institutional investors and hedge funds own 39.31% of the company’s stock.

Affinity Bancshares Price Performance

Shares of AFBI stock opened at $21.49 on Wednesday. The stock’s fifty day moving average is $20.47 and its 200-day moving average is $17.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $137.97 million, a PE ratio of 23.36 and a beta of 0.51. Affinity Bancshares has a 52 week low of $13.50 and a 52 week high of $21.98.

Affinity Bancshares Company Profile

Affinity Bancshares, Inc operates as the holding company for Affinity Bank that provides various banking products and services in Georgia. The company offers various deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts, as well as Kasasa (rewards) deposit program for checking accounts with interest rates or cash-back rewards.