Commonwealth Business Bank (OTCMKTS:CBBI) Sees Significant Drop in Short Interest

Commonwealth Business Bank (OTCMKTS:CBBI) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 5 shares, a drop of 99.4% from the April 30th total of 800 shares. Based on an average daily trading volume, of 4,127 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Commonwealth Business Bank Stock Down 0.4%

Shares of OTCMKTS CBBI traded down $0.05 during midday trading on Wednesday, reaching $11.35. 724 shares of the company were exchanged, compared to its average volume of 5,339. The stock’s 50-day moving average price is $11.07 and its 200-day moving average price is $11.21. The stock has a market cap of $120.20 million, a P/E ratio of 6.34 and a beta of 0.16. Commonwealth Business Bank has a one year low of $10.12 and a one year high of $12.25.

Commonwealth Business Bank (OTCMKTS:CBBI) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.53 EPS for the quarter. The firm had revenue of $18.47 million during the quarter.

About Commonwealth Business Bank

CBB Bancorp, Inc operates as the holding company for Commonwealth Business Bank that provides various commercial banking products and services to individuals and businesses in the United States. It offers checking, savings, money market, and certification of deposit accounts; SBA lending; business lines of credit; business term loans; business and commercial property loans; construction loans; and credit cards. The company also provides treasury management, and mobile and online banking services, as well as title and escrow services.