Mountain Commerce Bancorp, Inc. (OTCMKTS:MCBI) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 600 shares, a growth of 500.0% from the September 15th total of 100 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is currently 0.1 days.
OTCMKTS:MCBI traded up $1.50 during trading hours on Thursday, hitting $29.50. 300 shares of the stock traded hands, compared to its average volume of 3,595. Mountain Commerce Bancorp has a 1 year low of $15.40 and a 1 year high of $29.50. The stock has a 50 day moving average price of $27.64 and a 200 day moving average price of $26.50.
Mountain Commerce Bancorp (OTCMKTS:MCBI) last issued its quarterly earnings results on Sunday, July 25th. The bank reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.04.
Mountain Commerce Bancorp, Inc operates as a bank holding company which engages in the ownership and management of its wholly-owned subsidiary Mountain Commerce Bank. Through its subsidiary, it provides a variety of financial services to individuals and corporate customers located primarily in East Tennessee and the surrounding areas.
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