Commonwealth Business Bank (OTCMKTS:CBBI) Sees Significant Drop in Short Interest

Commonwealth Business Bank (OTCMKTS:CBBI) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 89 shares, a decrease of 50.3% from the September 30th total of 179 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,020 shares, the days-to-cover ratio is presently 0.0 days.

Commonwealth Business Bank Stock Performance

Shares of Commonwealth Business Bank stock opened at $14.00 on Friday. Commonwealth Business Bank has a 52-week low of $10.38 and a 52-week high of $14.24. The company’s 50 day moving average price is $13.91 and its 200-day moving average price is $12.45. The stock has a market capitalization of $148.69 million, a price-to-earnings ratio of 7.41 and a beta of 0.13.

Commonwealth Business Bank (OTCMKTS:CBBI) last posted its quarterly earnings results on Friday, October 23rd. The company reported $0.48 EPS for the quarter. The firm had revenue of $18.85 million for the quarter.

About Commonwealth Business Bank

Commonwealth Business Bank is a commercial bank headquartered in Los Angeles, California. The bank focuses on serving small and mid-sized businesses, entrepreneurs, professionals and individual customers through relationship-based banking services.

Its products and services include business and personal deposit accounts, commercial and industrial loans, commercial real estate financing, small business lending, residential mortgage loans and other credit products. Customers may also have access to treasury management, online banking, mobile banking and related cash-management services.

Commonwealth Business Bank was established in 2005 and has developed a presence in California and Texas, with an emphasis on serving local business communities, including Korean-American and other diverse customer segments.