Commercial National Financial Co. (OTCMKTS:CNAF) Sees Large Decline in Short Interest

Commercial National Financial Co. (OTCMKTS:CNAF) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 100 shares, a decline of 50.0% from the November 30th total of 200 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 0.0 days.

Commercial National Financial Trading Down 1.6 %

Shares of CNAF stock traded down $0.12 on Friday, reaching $7.25. The company’s stock had a trading volume of 1,039 shares, compared to its average volume of 2,186. The company has a market capitalization of $20.74 million, a price-to-earnings ratio of 12.50 and a beta of 0.45. The stock’s fifty day simple moving average is $8.22 and its 200-day simple moving average is $8.90. Commercial National Financial has a 1 year low of $7.05 and a 1 year high of $11.14.

Commercial National Financial (OTCMKTS:CNAF) last announced its earnings results on Monday, October 28th. The bank reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $3.76 million for the quarter.

Commercial National Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 29th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend was Friday, November 29th. Commercial National Financial’s payout ratio is 75.86%.

Commercial National Financial Company Profile

Commercial National Financial Corporation operates as a bank holding company for Commercial Bank & Trust of PA that provides various banking products and services in Pennsylvania. The company offers checking, money market investment, and savings accounts; and business-time deposits, as well as certificates of deposit.