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

Commercial National Financial Co. (OTCMKTS:CEFCGet Free Report) saw a significant drop in short interest in 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 daily trading volume, of 1,500 shares, the short-interest ratio is currently 0.1 days.

Commercial National Financial Stock Performance

OTCMKTS CEFC traded up $0.05 during trading on Wednesday, reaching $10.30. 2,778 shares of the company’s stock were exchanged, compared to its average volume of 766. The company has a 50 day moving average price of $9.96 and a two-hundred day moving average price of $9.44. The stock has a market cap of $40.89 million, a P/E ratio of 7.46 and a beta of 0.49. Commercial National Financial has a 1 year low of $8.35 and a 1 year high of $10.94.

Commercial National Financial (OTCMKTS:CEFCGet Free Report) last posted its earnings results on Friday, October 25th. The company reported $0.36 earnings per share for the quarter. The business had revenue of $5.23 million for the quarter.

Commercial National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend was Friday, December 13th. Commercial National Financial’s payout ratio is 40.58%.

About Commercial National Financial

(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.

Further Reading

Receive News & Ratings for Commercial National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial National Financial and related companies with MarketBeat.com's FREE daily email newsletter.