Citizens & Northern Co. (NASDAQ:CZNC) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 286,187 shares, a drop of 43.4% from the February 15th total of 505,504 shares. Based on an average daily volume of 18,367 shares, the short-interest ratio is currently 15.6 days. Approximately 2.4% of the company’s stock are short sold.
Shares of Citizens & Northern (NASDAQ:CZNC) opened at $24.16 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. Citizens & Northern has a 12 month low of $22.00 and a 12 month high of $26.75.
Several large investors have recently modified their holdings of CZNC. MetLife Investment Advisors LLC bought a new stake in shares of Citizens & Northern in the fourth quarter worth $161,000. Nationwide Fund Advisors increased its stake in shares of Citizens & Northern by 6.6% in the second quarter. Nationwide Fund Advisors now owns 8,021 shares of the financial services provider’s stock worth $187,000 after buying an additional 500 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Citizens & Northern in the third quarter worth $256,000. Stone Ridge Asset Management LLC bought a new stake in shares of Citizens & Northern in the fourth quarter worth $306,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Citizens & Northern by 31.6% in the second quarter. The Manufacturers Life Insurance Company now owns 15,072 shares of the financial services provider’s stock worth $350,000 after buying an additional 3,616 shares during the last quarter. Institutional investors and hedge funds own 29.38% of the company’s stock.
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Citizens & Northern Company Profile
Citizens & Northern Corporation is a holding company. The Company’s principal activity is community banking. The Company, through its subsidiaries, is engaged in providing a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State.
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