Short Interest in Citizens Bancshares Co. (OTCMKTS:CZBS) Drops By 66.7%

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

Citizens Bancshares Price Performance

Shares of OTCMKTS CZBS traded down $0.03 during mid-day trading on Friday, hitting $51.97. The company had a trading volume of 1,850 shares, compared to its average volume of 1,916. The stock’s 50-day moving average price is $52.72 and its 200-day moving average price is $52.79. Citizens Bancshares has a 1 year low of $44.40 and a 1 year high of $63.00.

Citizens Bancshares Increases Dividend

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

About Citizens Bancshares

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.