Commonwealth Business Bank (OTCMKTS:CBBI) Stock Short Interest Drops 75.6%

Commonwealth Business Bank (OTCMKTS:CBBI) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 179 shares, a decrease of 75.6% from the September 15th total of 733 shares. Based on an average trading volume of 556 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Commonwealth Business Bank Stock Performance

OTCMKTS CBBI opened at $14.00 on Monday. The stock has a market capitalization of $148.68 million, a price-to-earnings ratio of 7.61 and a beta of 0.13. The stock has a 50-day moving average of $13.92 and a 200 day moving average of $12.57. Commonwealth Business Bank has a twelve month low of $10.38 and a twelve month high of $14.24.

Commonwealth Business Bank (OTCMKTS:CBBI) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.46 EPS for the quarter. The business had revenue of $18.45 million during the quarter.

Commonwealth Business Bank Company Profile

Commonwealth Business Bank is a community-focused commercial bank that provides banking services to small and mid-sized businesses, professionals and individual customers. Its offerings include business and personal checking and savings accounts, commercial and real estate lending, lines of credit, residential mortgage loans and other traditional deposit and lending products.

The bank has historically emphasized relationship-based banking and service to business owners and local communities, including Korean American and other multicultural business communities.