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

Commercial National Financial Co. (OTCMKTS:CEFC) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 100 shares, a decrease of 80.0% from the December 31st total of 500 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is currently 0.1 days.

Commercial National Financial Trading Up 1.0 %

Shares of OTCMKTS CEFC traded up $0.10 during midday trading on Thursday, reaching $10.55. 8,157 shares of the stock were exchanged, compared to its average volume of 2,342. The stock has a 50 day moving average price of $10.10 and a 200-day moving average price of $9.55. The company has a market capitalization of $41.88 million, a P/E ratio of 7.13 and a beta of 0.48. Commercial National Financial has a 52-week low of $8.35 and a 52-week high of $10.75.

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

Commercial National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a dividend of $0.14 per share. The ex-dividend date was Friday, December 13th. This represents a $0.56 annualized dividend and a dividend yield of 5.31%. Commercial National Financial’s payout ratio is currently 37.84%.

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.