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

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

Commercial National Financial Price Performance

Shares of CEFC traded down $0.25 during midday trading on Tuesday, reaching $10.50. The stock had a trading volume of 7,000 shares, compared to its average volume of 1,667. Commercial National Financial has a 52 week low of $8.35 and a 52 week high of $10.75. The firm’s 50 day moving average price is $10.08 and its 200-day moving average price is $9.53. The company has a market capitalization of $41.69 million, a P/E ratio of 7.09 and a beta of 0.48.

Commercial National Financial (OTCMKTS:CEFC) last issued its earnings results on Tuesday, January 21st. The company reported $0.47 earnings per share (EPS) for the quarter.

Commercial National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.33%. 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.