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

by · The Markets Daily

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

Commercial National Financial Price Performance

CEFC remained flat at $10.21 during mid-day trading on Monday. The firm’s fifty day moving average price is $9.93 and its 200 day moving average price is $9.41. The stock has a market cap of $40.48 million, a P/E ratio of 7.40 and a beta of 0.48. Commercial National Financial has a twelve month low of $8.35 and a twelve month high of $10.94.

Commercial National Financial (OTCMKTS:CEFC – Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The company reported $0.36 EPS for the quarter. The firm had revenue of $5.23 million for the quarter.

Commercial National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Friday, December 13th. Commercial National Financial’s dividend payout ratio (DPR) is presently 40.58%.

Commercial National Financial Company Profile

(Get Free Report)

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.

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