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

Commonwealth Business Bank (OTCMKTS:CBBI) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 5 shares, a drop of 95.2% from the June 30th total of 105 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 9,583 shares, the days-to-cover ratio is currently 0.0 days.

Commonwealth Business Bank Price Performance

OTCMKTS:CBBI opened at $13.33 on Friday. The company has a 50 day moving average price of $12.28 and a 200-day moving average price of $11.70. Commonwealth Business Bank has a 1-year low of $10.31 and a 1-year high of $13.60. The firm has a market cap of $141.12 million, a price-to-earnings ratio of 7.44 and a beta of 0.14.

Commonwealth Business Bank (OTCMKTS:CBBI) last announced its quarterly earnings results on Friday, July 24th. The company reported $0.46 earnings per share (EPS) for 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.