Commonwealth Business Bank (OTCMKTS:CBBI) Stock Short Interest Jumps 316.5%

Commonwealth Business Bank (OTCMKTS:CBBI) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 733 shares, an increase of 316.5% from the August 31st total of 176 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 3,220 shares, the short-interest ratio is currently 0.2 days.

Commonwealth Business Bank Stock Down 0.1%

Shares of CBBI traded down $0.02 during mid-day trading on Friday, hitting $14.09. The company had a trading volume of 473 shares, compared to its average volume of 4,846. Commonwealth Business Bank has a 1-year low of $10.38 and a 1-year high of $14.24. The business’s 50-day simple moving average is $13.80 and its 200-day simple moving average is $12.35. The stock has a market cap of $149.64 million, a PE ratio of 7.66 and a beta of 0.14.

Commonwealth Business Bank (OTCMKTS:CBBI) last posted 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 for the quarter.

About Commonwealth Business Bank

Commonwealth Business Bank is a California-based commercial bank that provides banking services to small and mid-sized businesses, entrepreneurs and individual customers. The bank’s offerings include business and personal deposit accounts, commercial real estate and business loans, lines of credit, residential mortgage lending, and online and mobile banking services.

The bank has historically focused on serving Korean American and other diverse business communities, particularly in Southern California.