Cbtx Incorporated (NASDAQ:CBTX)’s Trend Unknown, Especially After Increased Shorts

January 14, 2018 - By Louis Casey

 Cbtx Incorporated (NASDAQ:CBTX)’s Trend Unknown, Especially After Increased Shorts

The stock of Cbtx Incorporated (NASDAQ:CBTX) registered an increase of 113.55% in short interest. CBTX’s total short interest was 78,800 shares in January as published by FINRA. Its up 113.55% from 36,900 shares, reported previously. With 32,900 shares average volume, it will take short sellers 2 days to cover their CBTX’s short positions.

The stock increased 0.33% or $0.1 during the last trading session, reaching $30. About 34,773 shares traded. CBTX, Inc. (NASDAQ:CBTX) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

CBTX, Inc. operates as the bank holding firm for CommunityBank of Texas, N.A. that provides commercial banking solutions to small and mid-sized businesses, and professionals in Houston and Beaumont, Texas. The company has market cap of $751.37 million. The company??s deposit products include checking and savings accounts, certificates of deposit, and money market accounts; and loan portfolio comprises consumer loans, including residential real estate loans, home equity loans, home equity lines of credit, installment loans, unsecured and secured personal lines of credit, overdraft protection, and letters of credit. It has a 20 P/E ratio. It also provides commercial and industrial loans, commercial real estate-backed loans, commercial lines of credit, working capital loans, term loans, equipment financing, borrowing base loans, construction and development loans, homebuilder loans, agricultural loans, small business administration loans, and other loan products, as well as acquisition, expansion, and development loans.

More notable recent CBTX, Inc. (NASDAQ:CBTX) news were published by: Nasdaq.com which released: “CBTX, Inc. (CBTX) Ex-Dividend Date Scheduled for December 29, 2017” on December 28, 2017, also Globenewswire.com with their article: “CBTX, Inc. Launches Initial Public Offering of Common Stock” published on October 30, 2017, Nasdaq.com published: “CBTX, Inc. Reports Third Quarter Financial Results” on December 14, 2017. More interesting news about CBTX, Inc. (NASDAQ:CBTX) were released by: Globenewswire.com and their article: “CBTX, Inc. Declares Quarterly Dividend” published on December 14, 2017 as well as Globenewswire.com‘s news article titled: “CBTX, Inc. Announces Closing of Initial Public Offering” with publication date: November 10, 2017.

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