Commercial National Financial Corp. (OTCMKTS:CNAF) Sees Large Drop in Short Interest

Commercial National Financial Corp. (OTCMKTS:CNAF) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 1 shares, a decline of 99.9% from the August 31st total of 781 shares. Based on an average daily volume of 5,915 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Commercial National Financial Stock Performance

CNAF stock remained flat at $8.50 during mid-day trading on Friday. 834 shares of the company’s stock traded hands, compared to its average volume of 3,353. The company has a market cap of $24.06 million, a price-to-earnings ratio of 11.97 and a beta of 0.40. The business has a fifty day simple moving average of $8.85 and a 200 day simple moving average of $8.36. Commercial National Financial has a 52-week low of $7.50 and a 52-week high of $9.40.

Commercial National Financial (OTCMKTS:CNAF) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.18 earnings per share for the quarter. The company had revenue of $4.01 million during the quarter.

Commercial National Financial Company Profile

Commercial National Financial Corporation is a bank holding company headquartered in Latrobe, Pennsylvania. It operates through its subsidiary, Commercial National Bank, a community bank serving customers in western Pennsylvania.

Commercial National Bank provides a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, business loans, and online and mobile banking.