Commercial National Financial Co. (OTCMKTS:CEFC) Sees Large Drop in Short Interest

Commercial National Financial Co. (OTCMKTS:CEFC) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 100 shares, a drop of 80.0% from the December 31st total of 500 shares. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is presently 0.1 days.

Commercial National Financial Stock Down 2.3 %

Commercial National Financial stock traded down $0.25 during trading on Tuesday, reaching $10.50. The stock had a trading volume of 7,000 shares, compared to its average volume of 1,667. Commercial National Financial has a 52-week low of $8.35 and a 52-week high of $10.75. The business has a 50 day moving average price of $10.08 and a 200 day moving average price of $9.53. The stock has a market cap of $41.69 million, a PE ratio of 7.09 and a beta of 0.48.

Commercial National Financial (OTCMKTS:CEFC) last released its quarterly earnings data on Tuesday, January 21st. The company reported $0.47 earnings per share for the quarter.

Commercial National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend was Friday, December 13th. Commercial National Financial’s dividend payout ratio is presently 37.84%.

Commercial National Financial Company Profile

Commercial National Financial Corporation operates as the holding company for Commercial Bank that provides various banking products and services to individuals, agricultural businesses, commercial businesses, and light industries in Michigan. The company accepts various deposit products, including checking and savings accounts, individual retirement accounts, certificates of deposit, and health savings accounts.