Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) Sees Large Decrease in Short Interest

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 131 shares, a decline of 71.6% from the May 14th total of 462 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,960 shares, the days-to-cover ratio is currently 0.1 days.

Chesapeake Financial Shares Price Performance

Shares of OTCMKTS:CPKF traded down $0.15 during trading on Friday, reaching $34.35. 1,403 shares of the company traded hands, compared to its average volume of 2,509. The company’s 50 day moving average is $34.38 and its two-hundred day moving average is $31.20. The firm has a market capitalization of $161.10 million, a PE ratio of 8.14 and a beta of 0.25. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.38. Chesapeake Financial Shares has a 52 week low of $20.34 and a 52 week high of $35.00.

Chesapeake Financial Shares (OTCMKTS:CPKF) last announced its quarterly earnings data on Monday, May 18th. The bank reported $999.00 earnings per share for the quarter. Chesapeake Financial Shares had a return on equity of 15.88% and a net margin of 17.24%. As a group, sell-side analysts predict that Chesapeake Financial Shares will post 3.9 earnings per share for the current year.

Chesapeake Financial Shares Company Profile

Chesapeake Financial Shares, Inc is the bank holding company for Chesapeake Bank, a Virginia‐chartered community bank. The company operates as a locally focused financial institution, offering a comprehensive suite of banking services to individuals, businesses and nonprofit organizations. Through its subsidiary, Chesapeake Bank, it aims to deliver customer‐centric solutions while supporting economic growth in its communities.

Chesapeake Financial Shares’ primary business activities include retail and commercial banking.