Short Interest in Commercial National Financial Co. (OTCMKTS:CEFC) Drops By 50.0%

Commercial National Financial Co. (OTCMKTS:CEFC) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 100 shares, a decline of 50.0% from the February 13th total of 200 shares. Based on an average trading volume of 5,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Commercial National Financial Trading Down 2.0 %

Shares of OTCMKTS:CEFC opened at $10.13 on Friday. The business’s 50 day moving average is $10.60 and its 200-day moving average is $9.93. The firm has a market capitalization of $40.17 million, a PE ratio of 6.84 and a beta of 0.47. Commercial National Financial has a 1-year low of $8.35 and a 1-year high of $11.47.

Commercial National Financial (OTCMKTS:CEFC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.47 earnings per share (EPS) for the quarter.

Commercial National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.53%. Commercial National Financial’s payout ratio is presently 37.84%.

Commercial National Financial Company Profile

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.