TC Bancshares, Inc. (NASDAQ:TCBC – Get Rating) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 3,100 shares, an increase of 138.5% from the August 31st total of 1,300 shares. Approximately 0.1% of the company's shares are short sold. Based on an average trading volume of 6,400 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On TC Bancshares

A hedge fund recently raised its stake in TC Bancshares stock. Vanguard Group Inc. raised its holdings in TC Bancshares, Inc. (NASDAQ:TCBC – Get Rating) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 161,361 shares of the company's stock after acquiring an additional 10,098 shares during the quarter. Vanguard Group Inc. owned about 4.04% of TC Bancshares worth $2,277,000 as of its most recent SEC filing. 14.10% of the stock is owned by institutional investors.

TC Bancshares Price Performance

TCBC stock traded down $0.11 during midday trading on Wednesday, reaching $14.17. The company's stock had a trading volume of 5,164 shares, compared to its average volume of 7,139. TC Bancshares has a 52 week low of $12.00 and a 52 week high of $14.77. The business's 50-day simple moving average is $14.08 and its 200-day simple moving average is $13.70.

About TC Bancshares

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.

Read More

• Get a free copy of the StockNews.com research report on TC Bancshares (TCBC)
• Mullen Automotive Is Ready To Get In Gear
• Cracker Barrel: A Tasty Treat Or Bad Apple?
• Defensive Stocks For A Volatile Market
• Will UPS Be Next to Deliver a Warning?
• SunPower Is Ready To Power Up Triple-Digit Earnings Gains

Receive News & Ratings for TC Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TC Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.