M&F Bancorp, Inc. (OTCMKTS:MFBP) Short Interest Up 50.0% in May

M&F Bancorp, Inc. (OTCMKTS: MFBP – Get Rating) was the target of a sharp increase in short-term interest during May. As of May 15, there was short interest totaling 300 shares, a 50.0% increase from the April 30 total of 200 shares. Based on an average daily volume of 2,400 shares, the day-to-cover ratio is currently 0.1 day.

Shares of M&F Bancorp were flat at $6.55 in Friday trading. 3 shares of the company traded hands, compared to its average volume of 1,669. The company’s 50-day simple moving average is $7.06 and its 200-day simple moving average is 7.12 $. M&F Bancorp has a 12-month low of $6.20 and a 12-month high of $8.00.

The company also recently declared a dividend, which will be paid on Wednesday, June 15. Investors of record on Friday, May 27 will receive a dividend of $0.03. This represents a return of 1.73%. The ex-dividend date is Thursday, May 26.

About M&F Bancorp (Get a rating)

M&F Bancorp, Inc operates as a bank holding company for Mechanics and Farmers Bank which provides personal and business banking products and services in North Carolina. It offers deposit products, including demand deposits; checking, savings and money market accounts, as well as certificates of deposit.

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