Commercial National Financial Corp. (OTCMKTS:CNAF) Sees Significant Increase in Short Interest

Commercial National Financial Corp. (OTCMKTS:CNAF) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,982 shares, a growth of 351.8% from the July 15th total of 660 shares. Based on an average daily trading volume, of 4,978 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

Commercial National Financial Stock Performance

Shares of CNAF opened at $9.05 on Wednesday. Commercial National Financial has a fifty-two week low of $6.96 and a fifty-two week high of $9.08. The firm has a 50-day simple moving average of $8.23 and a 200-day simple moving average of $8.17. The company has a market capitalization of $25.61 million, a price-to-earnings ratio of 12.75 and a beta of 0.39.

Commercial National Financial (OTCMKTS:CNAF) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $4.01 million during the quarter.

Commercial National Financial Company Profile

Commercial National Financial Corporation is a bank holding company based in Columbus, Indiana. Through its wholly owned subsidiary, Commercial National Bank, the company provides a comprehensive suite of banking and financial services to both individual and business customers. Its offerings include demand, savings and time deposit accounts, consumer and commercial lending products, mortgage and home equity financing, and treasury management services.

The company’s commercial banking division specializes in lending solutions for small to mid-size enterprises, covering term loans, lines of credit, equipment financing and real estate secured lending.