Breaking Short Interest: What’s Next for SOUTHFIRST BKSHR (OTCMKTS:SZBI) After Having More Shares Shorted?

November 17, 2016 - By Nellie Frank   ·   0 Comments

Breaking Short Interest: What's Next for SOUTHFIRST BKSHR (OTCMKTS:SZBI) After Having More Shares Shorted?

The stock of SOUTHFIRST BKSHR (OTCMKTS:SZBI) registered an increase of 300% in short interest. SZBI’s total short interest was 400 shares in November as published by FINRA. Its up 300% from 100 shares, reported previously. With 100 shares average volume, it will take short sellers 4 days to cover their SZBI’s short positions. The stock closed at $3.84 during the last session. It is down 23.87% since April 15, 2016 and is uptrending. It has outperformed by 19.25% the S&P500.

SouthFirst Bancshares, Inc. is a thrift holding company. The company has a market cap of $2.69 million. The Firm is engaged in directing, planning and coordinating the business activities of its bank subsidiary, SouthFirst Bank, along with South First Bank’s subsidiary, SouthFirst Mortgage, Inc. . It currently has negative earnings. SouthFirst Bank is a federally chartered savings association engaged in providing financial services.

SZBI Company Profile

SouthFirst Bancshares, Inc., incorporated on April 7, 1994, is a thrift holding company. The Firm is primarily engaged in directing, planning and coordinating the business activities of its bank subsidiary, SouthFirst Bank, along with South First Bank’s subsidiary, SouthFirst Mortgage, Inc. (SouthFirst Mortgage). SouthFirst Bank is a federally chartered savings association engaged in providing financial services with over three full service locations in Alabama. SouthFirst Mortgage consists of a residential and construction lending operation located in Hoover, Alabama. The Firm offers a range of deposit products, such as checking, savings, mobile banking, money market, certificate of deposits (CDs) and individual retirement account (IRAs), deposit rates and other services. The Bank’s products include Advantage Plus, Now Account, Solid Gold Checking Account, First Money Market Account, AllSports Savings Account and Christmas Club Savings Account.

More important recent SouthFirst Bancshares, Inc. (OTCMKTS:SZBI) news were published by: Businesswire.com which released: “SouthFirst Bancshares, Inc. Announces Executive Transition” on December 01, 2010, also Bizjournals.com published article titled: “PSW wants to bring more condos to Austin’s South First Street”, Bizjournals.com published: “New Walker’s Point retail building planned on South First Street” on September 02, 2014. More interesting news about SouthFirst Bancshares, Inc. (OTCMKTS:SZBI) was released by: Nytimes.com and their article: “Magazine|Why New Orleans’s Black Residents Are Still Underwater After Katrina” with publication date: August 18, 2015.

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By Nellie Frank


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