TC Bancshares, Inc. (NASDAQ:TCBC – Get Rating) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 10,800 shares, an increase of 24.1% from the March 31st total of 8,700 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 2.9 days.
Several institutional investors have recently bought and sold shares of the company. Maltese Capital Management LLC bought a new position in shares of TC Bancshares in the 3rd quarter worth about $1,152,000. Alliancebernstein L.P. bought a new stake in TC Bancshares in the 3rd quarter valued at about $390,000. Thomasville National Bank bought a new stake in TC Bancshares in the 4th quarter valued at about $370,000. Millennium Management LLC acquired a new position in TC Bancshares during the 3rd quarter valued at about $315,000. Finally, BlackRock Inc. acquired a new position in TC Bancshares during the 3rd quarter valued at about $183,000. Institutional investors own 14.42% of the company’s stock.
TC Bancshares stock opened at $13.60 on Tuesday. The business has a 50-day simple moving average of $13.75. TC Bancshares has a 1 year low of $11.80 and a 1 year high of $14.36.
TC Bancshares, Inc operates as the holding company for TC Federal Bank that provides various banking services for individual and commercial customers in the United States. It accepts various deposit products, including personal checking accounts, business checking accounts, savings accounts, money market accounts, and certificates of deposit.
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