Commercial National Financial Co. (OTCMKTS:CEFC) Short Interest Up 100.0% in September

Commercial National Financial Co. (OTCMKTS:CEFC) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 200 shares, a growth of 100.0% from the September 15th total of 100 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is currently 0.1 days.

Commercial National Financial Price Performance

CEFC remained flat at $9.23 during trading on Friday. The business’s 50 day moving average is $9.11 and its 200 day moving average is $8.92. The stock has a market capitalization of $36.64 million, a P/E ratio of 6.37 and a beta of 0.50. Commercial National Financial has a fifty-two week low of $7.56 and a fifty-two week high of $10.94.

Commercial National Financial (OTCMKTS:CEFC) last released its quarterly earnings results on Friday, July 26th. The company reported $0.36 EPS for the quarter. The firm had revenue of $5.19 million for the quarter.

Commercial National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.56 dividend on an annualized basis and a yield of 6.07%. Commercial National Financial’s payout ratio is 38.62%.

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.