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

Commonwealth Business Bank (OTCMKTS:CBBI) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 400 shares, an increase of 300.0% from the September 30th total of 100 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is currently 0.2 days.

Commonwealth Business Bank Trading Down 0.4%

Shares of Commonwealth Business Bank stock opened at $11.19 on Wednesday. The stock has a 50-day simple moving average of $10.91 and a 200-day simple moving average of $10.58. Commonwealth Business Bank has a 52-week low of $10.00 and a 52-week high of $11.65.

Commonwealth Business Bank (OTCMKTS:CBBI) last posted its earnings results on Friday, October 24th. The company reported $0.43 earnings per share for the quarter. The company had revenue of $17.58 million during 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.