Commercial National Financial Co. (OTCMKTS:CEFC) Sees Large Increase in Short Interest

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

Commercial National Financial Stock Performance

Shares of OTCMKTS:CEFC remained flat at $9.97 on Wednesday. 4,462 shares of the company’s stock were exchanged, compared to its average volume of 1,732. The business has a 50-day moving average price of $9.59 and a 200-day moving average price of $9.19. The company has a market cap of $39.53 million, a P/E ratio of 7.22 and a beta of 0.49. Commercial National Financial has a 1-year low of $8.20 and a 1-year high of $10.94.

Commercial National Financial (OTCMKTS:CEFC) last announced its earnings results on Friday, October 25th. The company reported $0.36 EPS for the quarter. The company 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 $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, December 13th. Commercial National Financial’s dividend payout ratio 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.