Citizens Bancshares Co. (OTCMKTS:CZBS) Short Interest Down 66.7% in March

Citizens Bancshares Co. (OTCMKTS:CZBS) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decline of 66.7% from the February 28th total of 300 shares. Based on an average daily volume of 6,600 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Citizens Bancshares Price Performance

OTCMKTS:CZBS traded down $0.03 during mid-day trading on Friday, hitting $51.97. 1,850 shares of the company’s stock traded hands, compared to its average volume of 1,916. The firm has a 50 day moving average of $52.72 and a two-hundred day moving average of $52.79. Citizens Bancshares has a 12 month low of $44.40 and a 12 month high of $63.00.

Citizens Bancshares Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $1.10 dividend. This represents a dividend yield of 2.07%. This is a boost from Citizens Bancshares’s previous annual dividend of $1.00. The ex-dividend date of this dividend was Monday, March 10th.

Citizens Bancshares Company Profile

Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking services to individual and corporate customers. The company offers checking and savings accounts; and demand and money market deposits. Its loan products include commercial, financial, and agricultural loans; loans secured by personal property, such as automobiles, marketable securities, and other titled recreational vehicles and motorcycles, as well as unsecured consumer debt; commercial real estate loans; single-family residential loans; and construction and development loans.