Central Federal Co. (NASDAQ:CFBK) Sees Large Increase in Short Interest

Central Federal Co. (NASDAQ:CFBK) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 1,900 shares, a growth of 58.3% from the May 30th total of 1,200 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Shares of CFBK traded down $0.13 during mid-day trading on Thursday, reaching $11.97. The stock had a trading volume of 286 shares, compared to its average volume of 5,620. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.09. Central Federal has a 52-week low of $10.62 and a 52-week high of $16.95. The company has a fifty day moving average of $12.21. The stock has a market capitalization of $53.59 million, a price-to-earnings ratio of 9.76 and a beta of 0.55.

Central Federal (NASDAQ:CFBK) last announced its quarterly earnings data on Wednesday, April 24th. The savings and loans company reported $0.39 earnings per share (EPS) for the quarter. Central Federal had a net margin of 16.31% and a return on equity of 11.52%. The firm had revenue of $6.79 million during the quarter.

An institutional investor recently bought a new position in Central Federal stock. Ancora Advisors LLC bought a new stake in Central Federal Co. (NASDAQ:CFBK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 74,548 shares of the savings and loans company’s stock, valued at approximately $871,000. Ancora Advisors LLC owned about 1.73% of Central Federal at the end of the most recent reporting period. Institutional investors and hedge funds own 23.94% of the company’s stock.

Central Federal Company Profile

Central Federal Corporation operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking, and money market accounts, as well as certificates of deposit. It also offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans; construction and land loans; and consumer loans, such as home equity lines of credit, automobile loans, home improvement loans, and loans secured by deposits, as well as other loans.

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