Commercial National Financial Co. (OTCMKTS:CEFC) Short Interest Update

Commercial National Financial Co. (OTCMKTS:CEFC) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 500 shares, a growth of 150.0% from the November 15th total of 200 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is currently 0.2 days.

Commercial National Financial Stock Performance

Shares of OTCMKTS CEFC remained flat at $9.97 during midday trading on Thursday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 1,732. The business’s 50 day moving average price is $9.61 and its 200-day moving average price is $9.20. Commercial National Financial has a 12 month low of $8.20 and a 12 month high of $10.94. The firm has a market capitalization of $39.53 million, a price-to-earnings ratio of 7.22 and a beta of 0.49.

Commercial National Financial (OTCMKTS:CEFC) last posted its quarterly 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 during the quarter.

Commercial National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.62%. Commercial National Financial’s dividend payout ratio (DPR) is currently 40.58%.

About Commercial National Financial

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.