Short Interest in M&F Bancorp Inc. (OTCMKTS:MFBP) Drops By 68.4%

M&F Bancorp Inc. (OTCMKTS:MFBP) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 89 shares, a drop of 68.4% from the April 30th total of 282 shares. Based on an average trading volume of 4,881 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

M&F Bancorp Stock Performance

MFBP traded up $0.45 on Friday, hitting $27.90. 100 shares of the company were exchanged, compared to its average volume of 1,630. The firm has a fifty day simple moving average of $24.97 and a two-hundred day simple moving average of $21.87. M&F Bancorp has a 12 month low of $18.00 and a 12 month high of $27.90. The stock has a market capitalization of $54.13 million, a PE ratio of 21.46 and a beta of -0.55.

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