Does Cbtx Inc (NASDAQ:CBTX) Have Gas After Even More Sellers Involved?

April 20, 2018 - By Louis Casey

The stock of Cbtx Inc (NASDAQ:CBTX) registered an increase of 59.85% in short interest. CBTX’s total short interest was 277,500 shares in April as published by FINRA. Its up 59.85% from 173,600 shares, reported previously. With 78,800 shares average volume, it will take short sellers 4 days to cover their CBTX’s short positions. The short interest to Cbtx Inc’s float is 1.74%.

The stock decreased 0.07% or $0.02 during the last trading session, reaching $29.33. About 1,232 shares traded. CBTX, Inc. (NASDAQ:CBTX) has 0.00% since April 20, 2017 and is . It has underperformed by 11.55% 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 $738.83 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 24.04 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.

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