Commonwealth Business Bank (OTCMKTS:CBBI) Short Interest Update

Commonwealth Business Bank (OTCMKTS:CBBI) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 733 shares, an increase of 316.5% from the August 31st total of 176 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 3,220 shares, the short-interest ratio is presently 0.2 days.

Commonwealth Business Bank Price Performance

Commonwealth Business Bank stock traded down $0.02 during mid-day trading on Friday, reaching $14.09. 473 shares of the company traded hands, compared to its average volume of 826. Commonwealth Business Bank has a 52-week low of $10.38 and a 52-week high of $14.24. The firm has a market capitalization of $149.65 million, a price-to-earnings ratio of 7.66 and a beta of 0.14. The firm’s 50 day moving average price is $13.82 and its 200 day moving average price is $12.36.

Commonwealth Business Bank (OTCMKTS:CBBI) last posted its earnings results on Friday, July 24th. The company reported $0.46 EPS for the quarter. The company had revenue of $18.45 million during the quarter.

About Commonwealth Business Bank

Commonwealth Business Bank is a California-based commercial bank that provides banking services to small and mid-sized businesses, entrepreneurs and individual customers. The bank’s offerings include business and personal deposit accounts, commercial real estate and business loans, lines of credit, residential mortgage lending, and online and mobile banking services.

The bank has historically focused on serving Korean American and other diverse business communities, particularly in Southern California.