Short Interest in Commercial National Financial Co. (OTCMKTS:CNAF) Declines By 27.6%

Commercial National Financial Co. (OTCMKTS:CNAF) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 2,100 shares, a drop of 27.6% from the May 31st total of 2,900 shares. Based on an average daily volume of 2,600 shares, the short-interest ratio is presently 0.8 days.

Commercial National Financial Price Performance

OTCMKTS CNAF remained flat at $10.24 during trading on Friday. The firm has a market capitalization of $29.29 million, a price-to-earnings ratio of 9.57 and a beta of 0.46. The company has a fifty day moving average price of $10.16 and a two-hundred day moving average price of $10.04. Commercial National Financial has a 1 year low of $8.85 and a 1 year high of $12.50.

Commercial National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 31st were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 10.16%. The ex-dividend date was Friday, May 31st. Commercial National Financial’s dividend payout ratio (DPR) is 97.20%.

About Commercial National Financial

Commercial National Financial Corporation operates as a bank holding company for Commercial Bank & Trust of PA that provides various banking products and services in Pennsylvania. The company offers checking, money market investment, and savings accounts; and business-time deposits, as well as certificates of deposit.