Chesapeake Financial Shares Inc. (OTCMKTS:CPKF) Short Interest Down 85.7% in September

Key Points

• Short interest in Chesapeake Financial Shares Inc. fell by 85.7% in September, decreasing from 700 shares to just 100 shares, with a days-to-cover ratio of 0.2 days based on its trading volume.
• The company reported an earnings per share (EPS) of $0.67 for the last quarter, surpassing the estimated $0.63 by $0.04, while generating revenue of $19.56 million compared to expectations of $18.70 million.
• Chesapeake Financial recently declared a $0.16 dividend, yielding a significant 294.0%, with a dividend payout ratio of 69.57% for shareholders of record as of September 1st.

Chesapeake Financial Shares Inc. (OTCMKTS:CPKF - Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 100 shares, a drop of 85.7% from the August 31st total of 700 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 0.2 days.

Chesapeake Financial Shares Stock Performance

Shares of OTCMKTS:CPKF remained flat at $21.75 on Tuesday. The stock had a trading volume of 1,293 shares, compared to its average volume of 251. The business has a 50 day simple moving average of $21.85 and a 200-day simple moving average of $20.67. Chesapeake Financial Shares has a 52-week low of $18.10 and a 52-week high of $22.10. The stock has a market capitalization of $102.01 million, a PE ratio of 23.64 and a beta of 0.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.64 and a quick ratio of 0.64.

Chesapeake Financial Shares (OTCMKTS:CPKF - Get Free Report) last posted its earnings results on Tuesday, August 19th. The bank reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. The company had revenue of $19.56 million for the quarter, compared to analysts' expectations of $18.70 million. Chesapeake Financial Shares had a return on equity of 10.29% and a net margin of 4.57%. Sell-side analysts expect that Chesapeake Financial Shares will post 2.45 EPS for the current fiscal year.

Chesapeake Financial Shares Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a $0.16 dividend. The ex-dividend date was Friday, August 29th. This represents a yield of 294.0%. Chesapeake Financial Shares's dividend payout ratio (DPR) is 69.57%.

Chesapeake Financial Shares Company Profile

Chesapeake Financial Shares, Inc operates as the bank holding company for Chesapeake Bank that provides various banking products and services for individuals and businesses in the United States. The company accepts interest and noninterest checking, savings, and money market accounts; and variable-rate and fixed-term money market accounts, as well as certificates of deposit.

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