Short Interest in Commercial National Financial Co. (OTCMKTS:CEFC) Drops By 80.0%

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

Commercial National Financial Stock Performance

Shares of CEFC stock remained flat at $10.21 during mid-day trading on Tuesday. Commercial National Financial has a twelve month low of $8.35 and a twelve month high of $10.94. The stock has a market cap of $40.48 million, a price-to-earnings ratio of 7.40 and a beta of 0.48. The company’s 50-day moving average is $9.94 and its two-hundred day moving average is $9.43.

Commercial National Financial (OTCMKTS:CEFC) last announced its earnings results on Friday, October 25th. The company reported $0.36 EPS for the quarter. The business had revenue of $5.23 million for the quarter.

Commercial National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date was Friday, December 13th. Commercial National Financial’s dividend payout ratio (DPR) is presently 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.