Short Interest in Commercial National Financial Co. (OTCMKTS:CEFC) Drops By 80.0%

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

Commercial National Financial Price Performance

OTCMKTS:CEFC remained flat at $10.21 during trading hours on Tuesday. Commercial National Financial has a one year low of $8.35 and a one year high of $10.94. The company has a market capitalization of $40.48 million, a P/E ratio of 7.40 and a beta of 0.48. The company has a fifty day moving average price of $9.94 and a 200-day moving average price of $9.43.

Commercial National Financial (OTCMKTS:CEFC) last released its quarterly earnings data on Friday, October 25th. The company reported $0.36 earnings per share (EPS) for the quarter. The company had revenue of $5.23 million for the quarter.

Commercial National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date was Friday, December 13th. Commercial National Financial’s payout ratio is 40.58%.

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.