Commonwealth Business Bank (OTCMKTS:CBBI) Sees Significant Drop in Short Interest

Commonwealth Business Bank (OTCMKTS:CBBI) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 5 shares, a drop of 99.4% from the April 30th total of 800 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4,127 shares, the days-to-cover ratio is currently 0.0 days.

Commonwealth Business Bank Trading Down 0.4%

OTCMKTS:CBBI traded down $0.05 during mid-day trading on Wednesday, hitting $11.35. 724 shares of the company’s stock were exchanged, compared to its average volume of 5,339. Commonwealth Business Bank has a fifty-two week low of $10.12 and a fifty-two week high of $12.25. The firm has a market capitalization of $120.20 million, a P/E ratio of 6.34 and a beta of 0.16. The company has a 50 day simple moving average of $11.07 and a 200-day simple moving average of $11.21.

Commonwealth Business Bank (OTCMKTS:CBBI) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.53 earnings per share (EPS) for the quarter. The business had revenue of $18.47 million during the quarter.

Commonwealth Business Bank Company Profile

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.