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

Commercial National Financial Co. (OTCMKTS:CEFC) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 100 shares, a drop 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 presently 0.1 days.

Commercial National Financial Trading Down 2.3 %

Shares of Commercial National Financial stock traded down $0.25 on Wednesday, reaching $10.50. 7,000 shares of the company were exchanged, compared to its average volume of 320. The company has a market capitalization of $41.69 million, a price-to-earnings ratio of 7.09 and a beta of 0.48. Commercial National Financial has a one year low of $8.35 and a one year high of $10.75. The company has a 50-day moving average of $10.08 and a 200 day moving average of $9.53.

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

Commercial National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.33%. Commercial National Financial’s dividend payout ratio (DPR) 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.