Commercial National Financial Co. (OTCMKTS:CEFC) Short Interest Down 50.0% in October

Commercial National Financial Co. (OTCMKTS:CEFC) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 100 shares, a drop of 50.0% from the September 30th total of 200 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is currently 0.0 days.

Commercial National Financial Price Performance

OTCMKTS CEFC traded up $0.20 during trading on Friday, hitting $9.50. The company’s stock had a trading volume of 3,296 shares, compared to its average volume of 1,645. The company has a market cap of $37.72 million, a PE ratio of 6.42 and a beta of 0.50. The business’s 50 day simple moving average is $9.22 and its 200-day simple moving average is $8.96. Commercial National Financial has a fifty-two week low of $7.56 and a fifty-two week high of $10.94.

Commercial National Financial (OTCMKTS:CEFC) last released its earnings results on Friday, July 26th. The company reported $0.36 EPS for the quarter. The firm had revenue of $5.19 million for the quarter.

Commercial National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend was Friday, September 13th. Commercial National Financial’s dividend payout ratio is currently 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.