Commonwealth Business Bank (OTCMKTS:CBBI) Sees Large Decrease in Short Interest

Commonwealth Business Bank (OTCMKTS:CBBI) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 176 shares, a drop of 76.8% from the August 15th total of 759 shares. Based on an average trading volume of 2,285 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Commonwealth Business Bank Stock Performance

Commonwealth Business Bank stock remained flat at $14.20 during midday trading on Friday. Commonwealth Business Bank has a fifty-two week low of $10.38 and a fifty-two week high of $14.24. The company has a 50 day moving average price of $13.66 and a 200-day moving average price of $12.20. The firm has a market capitalization of $150.82 million, a price-to-earnings ratio of 7.72 and a beta of 0.14.

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

About Commonwealth Business Bank

CBB Bancorp, Inc operates as the holding company for Commonwealth Business Bank that provides various commercial banking products and services to individuals and businesses in the United States. It offers checking, savings, money market, and certification of deposit accounts; SBA lending; business lines of credit; business term loans; business and commercial property loans; construction loans; and credit cards. The company also provides treasury management, and mobile and online banking services, as well as title and escrow services.