Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) Sees Large Increase in Short Interest

Chesapeake Financial Shares Inc. (OTCMKTS:CPKFGet Free Report) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,062 shares, a growth of 350.0% from the January 15th total of 236 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 3,812 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 3,812 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Chesapeake Financial Shares Trading Down 0.8%

OTCMKTS CPKF traded down $0.26 during trading hours on Friday, hitting $31.74. 6,002 shares of the company’s stock were exchanged, compared to its average volume of 3,159. The firm has a market capitalization of $149.50 million, a P/E ratio of 22.67 and a beta of 0.26. The business’s 50 day moving average is $28.65 and its 200-day moving average is $24.74. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.65 and a current ratio of 0.65. Chesapeake Financial Shares has a 12-month low of $18.10 and a 12-month high of $32.00.

Chesapeake Financial Shares Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.17 per share. This is an increase from Chesapeake Financial Shares’s previous dividend of $0.16. This represents a dividend yield of 278.0%. The ex-dividend date of this dividend was Monday, December 1st. Chesapeake Financial Shares’s payout ratio is 48.57%.

About Chesapeake Financial Shares

(Get Free Report)

Chesapeake Financial Shares, Inc is the bank holding company for Chesapeake Bank, a Virginia‐chartered community bank. The company operates as a locally focused financial institution, offering a comprehensive suite of banking services to individuals, businesses and nonprofit organizations. Through its subsidiary, Chesapeake Bank, it aims to deliver customer‐centric solutions while supporting economic growth in its communities.

Chesapeake Financial Shares’ primary business activities include retail and commercial banking.

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