Citizens Financial Services, Inc. (NASDAQ:CZFS) Sees Large Growth in Short Interest

Citizens Financial Services, Inc. (NASDAQ:CZFS) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 29,000 shares, an increase of 9.8% from the October 31st total of 26,400 shares. Based on an average trading volume of 17,200 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.7% of the shares of the company are sold short.

Citizens Financial Services Stock Performance

CZFS stock traded down $0.40 during midday trading on Wednesday, reaching $69.95. The company had a trading volume of 906 shares, compared to its average volume of 11,579. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average price of $62.64 and a 200 day moving average price of $52.97. The firm has a market capitalization of $332.96 million, a PE ratio of 12.15 and a beta of 0.53. Citizens Financial Services has a fifty-two week low of $38.52 and a fifty-two week high of $75.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new position in shares of Citizens Financial Services during the second quarter valued at $32,000. Rhumbline Advisers boosted its stake in Citizens Financial Services by 10.6% during the 2nd quarter. Rhumbline Advisers now owns 5,285 shares of the company’s stock valued at $238,000 after purchasing an additional 505 shares during the period. Barclays PLC grew its position in Citizens Financial Services by 286.2% in the 3rd quarter. Barclays PLC now owns 5,924 shares of the company’s stock worth $347,000 after purchasing an additional 4,390 shares during the last quarter. De Lisle Partners LLP increased its stake in shares of Citizens Financial Services by 1.0% in the third quarter. De Lisle Partners LLP now owns 15,354 shares of the company’s stock valued at $897,000 after purchasing an additional 152 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Citizens Financial Services by 22.5% during the second quarter. Bank of New York Mellon Corp now owns 23,761 shares of the company’s stock valued at $1,068,000 after buying an additional 4,369 shares during the last quarter. 22.49% of the stock is currently owned by institutional investors.

Citizens Financial Services Company Profile

Citizens Financial Services, Inc, a bank holding company, provides various banking products and services for individual, business, governmental, and institutional customers. The company accepts various deposit products, such as checking, savings, and time deposit accounts. Its loan products include residential, commercial, and agricultural real estate loans; commercial and industrial loans; state and political subdivision loans; and consumer loans, as well as various other specialized financial services.