Commonwealth Business Bank (OTCMKTS:CBBI) Stock Short Interest Rises 316.5%

Commonwealth Business Bank (OTCMKTS:CBBI) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 733 shares, a growth of 316.5% from the August 31st total of 176 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,220 shares, the short-interest ratio is currently 0.2 days.

Commonwealth Business Bank Trading Down 0.1%

Shares of CBBI stock traded down $0.02 during trading hours on Friday, reaching $14.09. 473 shares of the company’s stock were exchanged, compared to its average volume of 826. The company has a market cap of $149.64 million, a price-to-earnings ratio of 7.66 and a beta of 0.14. Commonwealth Business Bank has a fifty-two week low of $10.38 and a fifty-two week high of $14.24. The stock’s 50 day moving average is $13.82 and its 200-day moving average is $12.36.

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

Commonwealth Business Bank Company Profile

Commonwealth Business Bank is a California-based commercial bank that provides banking services to small and mid-sized businesses, entrepreneurs and individual customers. The bank’s offerings include business and personal deposit accounts, commercial real estate and business loans, lines of credit, residential mortgage lending, and online and mobile banking services.

The bank has historically focused on serving Korean American and other diverse business communities, particularly in Southern California.