Central Federal Co. (NASDAQ:CFBK) Short Interest Down 53.8% in August

Central Federal Co. (NASDAQ:CFBK) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,200 shares, a drop of 53.8% from the July 31st total of 2,600 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional investors have recently added to or reduced their stakes in the company. Calamos Wealth Management LLC bought a new stake in Central Federal during the 2nd quarter valued at about $143,000. Cutter & CO Brokerage Inc. bought a new stake in Central Federal during the 2nd quarter valued at about $134,000. Almanack Investment Partners LLC. bought a new stake in Central Federal during the 2nd quarter valued at about $109,000. Acadian Asset Management LLC bought a new stake in Central Federal during the 2nd quarter valued at about $26,000. Finally, BlackRock Inc. lifted its holdings in Central Federal by 13.6% during the 2nd quarter. BlackRock Inc. now owns 13,860 shares of the savings and loans company’s stock valued at $167,000 after buying an additional 1,663 shares in the last quarter. Hedge funds and other institutional investors own 23.04% of the company’s stock.

CFBK stock traded down $0.02 during trading on Friday, hitting $12.16. 400 shares of the company’s stock traded hands, compared to its average volume of 6,711. The business has a fifty day simple moving average of $12.02 and a 200 day simple moving average of $12.39. The stock has a market capitalization of $53.89 million, a price-to-earnings ratio of 7.95 and a beta of 0.57. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.10. Central Federal has a 52 week low of $10.62 and a 52 week high of $16.95.

Central Federal (NASDAQ:CFBK) last released its earnings results on Monday, August 12th. The savings and loans company reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $7.79 million during the quarter. Central Federal had a net margin of 17.47% and a return on equity of 13.45%.

About Central Federal

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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