Short Interest in M&F Bancorp Inc. (OTCMKTS:MFBP) Decreases By 51.2%

M&F Bancorp Inc. (OTCMKTS:MFBP) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 141 shares, a decline of 51.2% from the May 31st total of 289 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,315 shares, the days-to-cover ratio is currently 0.1 days.

M&F Bancorp Stock Performance

Shares of M&F Bancorp stock traded up $1.97 on Tuesday, hitting $30.98. The stock had a trading volume of 100 shares, compared to its average volume of 1,271. The stock has a 50 day moving average of $26.72 and a 200 day moving average of $23.25. The firm has a market capitalization of $60.10 million, a P/E ratio of 23.83 and a beta of -0.53. M&F Bancorp has a twelve month low of $18.40 and a twelve month high of $31.93.

M&F Bancorp (OTCMKTS:MFBP) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.24 EPS for the quarter. The company had revenue of $5.74 million during the quarter.

About M&F Bancorp

M&F Bancorp, Inc is the bank holding company for M&F Bank, a community bank headquartered in Martinsville, Virginia. Through its subsidiary, the company offers a comprehensive suite of commercial and retail banking products and services designed to meet the needs of individuals, small- and medium-sized businesses, and municipal entities. Core offerings include checking and savings accounts, money market and time deposit products, consumer and mortgage loans, and commercial lending solutions.

Operating primarily in southwestern Virginia and northern North Carolina, M&F Bank maintains a network of full-service branches complemented by digital banking channels.