Short Interest in Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) Drops By 96.7%

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 100 shares, a drop of 96.7% from the April 15th total of 2,992 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 4,216 shares, the days-to-cover ratio is currently 0.0 days.

Chesapeake Financial Shares Price Performance

Shares of CPKF traded down $0.01 during midday trading on Wednesday, reaching $34.74. The stock had a trading volume of 200 shares, compared to its average volume of 2,777. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $163.63 million, a P/E ratio of 8.23 and a beta of 0.25. The firm’s 50 day moving average price is $33.29 and its 200-day moving average price is $29.52. Chesapeake Financial Shares has a 52 week low of $19.45 and a 52 week high of $34.75.

Chesapeake Financial Shares (OTCMKTS:CPKF) last released its earnings results on Tuesday, April 21st. The bank reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.17. Chesapeake Financial Shares had a return on equity of 15.88% and a net margin of 17.24%.The firm had revenue of $21.49 million for the quarter, compared to analyst estimates of $21.30 million. On average, analysts forecast that Chesapeake Financial Shares will post 3.9 earnings per share for the current fiscal year.

Chesapeake Financial Shares Company Profile

Chesapeake Financial Shares, Inc is the bank holding company for Chesapeake Bank, a Virginia?chartered community bank. The company operates as a locally focused financial institution, offering a comprehensive suite of banking services to individuals, businesses and nonprofit organizations. Through its subsidiary, Chesapeake Bank, it aims to deliver customer?centric solutions while supporting economic growth in its communities.

Chesapeake Financial Shares’ primary business activities include retail and commercial banking.