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

Commonwealth Business Bank (OTCMKTS:CBBI) was the recipient of a significant decrease in short interest during the month of 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. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 556 shares, the days-to-cover ratio is currently 0.3 days.

Commonwealth Business Bank Price Performance

OTCMKTS CBBI opened at $13.77 on Tuesday. 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 $13.93 and its two-hundred day moving average is $12.59. The firm has a market cap of $146.24 million, a P/E ratio of 7.48 and a beta of 0.13.

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