Croghan Bancshares, Inc. (OTCMKTS:CHBH) Sees Large Increase in Short Interest

Croghan Bancshares, Inc. (OTCMKTS:CHBH) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 100 shares, a growth of 81.8% from the July 30th total of 55 shares. Based on an average trading volume of 891 shares, the short-interest ratio is presently 0.1 days.

Croghan Bancshares Price Performance

Shares of OTCMKTS:CHBH remained flat at $71.01 during midday trading on Friday. Croghan Bancshares has a fifty-two week low of $49.00 and a fifty-two week high of $78.00. The stock’s 50-day simple moving average is $66.79 and its two-hundred day simple moving average is $61.26.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Croghan Bancshares stock. Compass Financial Management LLC purchased a new position in shares of Croghan Bancshares, Inc. (OTCMKTS:CHBH) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,012 shares of the company’s stock, valued at approximately $62,000.

Croghan Bancshares Company Profile

Croghan Bancshares, Inc is a bank holding company based in Ogdensburg, New York, trading on the OTC Markets under the symbol CHBH. Through its wholly owned subsidiary, Croghan Savings Bank, the company delivers a full suite of retail and commercial banking services. Croghan Savings Bank traces its heritage to 1885, operating as a mutual savings institution committed to serving local customers with personalized financial solutions.

The company’s core offerings include deposit products such as checking accounts, savings accounts, money market funds and certificates of deposit.