Commonwealth Business Bank (OTCMKTS:CBBI) Shares Shorted: Short Interest Down 50.3% in October

Commonwealth Business Bank (OTCMKTS:CBBI) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 89 shares, a drop of 50.3% from the September 30th total of 179 shares. Based on an average daily trading volume, of 2,020 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Commonwealth Business Bank Stock Performance

Shares of CBBI opened at $14.00 on Friday. Commonwealth Business Bank has a 1 year low of $10.38 and a 1 year high of $14.24. The company’s fifty day moving average is $13.91 and its two-hundred day moving average is $12.45. The stock has a market capitalization of $148.68 million, a P/E ratio of 7.35 and a beta of 0.13.

Commonwealth Business Bank (OTCMKTS:CBBI) last posted its quarterly earnings results on Friday, October 23rd. The company reported $0.48 earnings per share (EPS) for the quarter. The firm had revenue of $18.85 million for the quarter.

Commonwealth Business Bank Company Profile

Commonwealth Business Bank is a commercial bank headquartered in Los Angeles, California. The bank focuses on serving small and mid-sized businesses, entrepreneurs, professionals and individual customers through relationship-based banking services.

Its products and services include business and personal deposit accounts, commercial and industrial loans, commercial real estate financing, small business lending, residential mortgage loans and other credit products. Customers may also have access to treasury management, online banking, mobile banking and related cash-management services.

Commonwealth Business Bank was established in 2005 and has developed a presence in California and Texas, with an emphasis on serving local business communities, including Korean-American and other diverse customer segments.