Cincinnati Bancorp, Inc. (NASDAQ:CNNB – Get Rating) was the recipient of a significant increase in short interest in December. As of December 30th, there was short interest totalling 3,800 shares, an increase of 18.8% from the December 15th total of 3,200 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 1,500 shares, the short-interest ratio is currently 2.5 days.
Institutional Trading of Cincinnati Bancorp
An institutional investor recently raised its position in Cincinnati Bancorp stock. Alliancebernstein L.P. boosted its holdings in shares of Cincinnati Bancorp, Inc. (NASDAQ:CNNB – Get Rating) by 46.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,027 shares of the company’s stock after buying an additional 22,718 shares during the quarter. Alliancebernstein L.P. owned approximately 2.43% of Cincinnati Bancorp worth $1,057,000 at the end of the most recent reporting period. 18.73% of the stock is currently owned by hedge funds and other institutional investors.
Cincinnati Bancorp Stock Up 0.3 %
CNNB stock opened at $15.04 on Friday. The business’s 50-day moving average price is $14.95 and its two-hundred day moving average price is $14.85. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.50. Cincinnati Bancorp has a 1-year low of $13.75 and a 1-year high of $16.26.
Analyst Upgrades and Downgrades
Separately, TheStreet upgraded Cincinnati Bancorp from a “c+” rating to a “b” rating in a report on Wednesday, November 30th.
Cincinnati Bancorp Company Profile
Cincinnati Bancorp, Inc operates as the holding company for Cincinnati Federal that provides various banking and financial services to individuals and businesses in the United States. The company offers various deposit accounts, including demand accounts, checking accounts, savings accounts, certificate of deposit accounts, and individual retirement accounts.
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