Today’s Short Interest: Can Cnb Financial Corporation PA (NASDAQ:CCNE)’s Tomorrow be Different? The Stock Had Increase in Shorts

November 29, 2016 - By Richard Conner   ·   0 Comments

Today's Short Interest: Can Cnb Financial Corporation PA (NASDAQ:CCNE)’s Tomorrow be Different? The Stock Had Increase in Shorts

The stock of Cnb Financial Corporation PA (NASDAQ:CCNE) registered an increase of 12.73% in short interest. CCNE’s total short interest was 184,200 shares in November as published by FINRA. Its up 12.73% from 163,400 shares, reported previously. With 13,500 shares average volume, it will take short sellers 14 days to cover their CCNE’s short positions. The short interest to Cnb Financial Corporation PA’s float is 1.38%. The stock decreased 0.93% or $0.23 during the last trading session, hitting $24.49. CNB Financial Corp (NASDAQ:CCNE) has risen 36.06% since April 26, 2016 and is uptrending. It has outperformed by 30.80% the S&P500.

CNB Financial Corporation is a financial holding company. The company has a market cap of $365.81 million. The Firm provides a range of banking and related services through its subsidiary, CNB Bank . It has a 16.84 P/E ratio. In addition, the Bank provides trust and asset management services, including the administration of trusts and estates, retirement plans and other employee benefit plans, as well as a range of wealth management services.

Insitutional Activity: The institutional sentiment increased to 2.13 in 2016 Q2. Its up 1.04, from 1.09 in 2016Q1. The ratio is positive, as 4 funds sold all CNB Financial Corp shares owned while 18 reduced positions. 3 funds bought stakes while 21 increased positions. They now own 4.17 million shares or 15.11% less from 4.91 million shares in 2016Q1.
Blackrock Institutional Na holds 0% or 135,275 shares in its portfolio. Blackrock Advisors Ltd Com has invested 0% of its portfolio in CNB Financial Corp (NASDAQ:CCNE). International Gp Inc holds 0% of its portfolio in CNB Financial Corp (NASDAQ:CCNE) for 7,968 shares. Federated Pa holds 0% of its portfolio in CNB Financial Corp (NASDAQ:CCNE) for 6,473 shares. Blackrock has 3,082 shares for 0% of their US portfolio. Manufacturers Life Ins The, a Ontario – Canada-based fund reported 10,017 shares. Bryn Mawr Tru Co holds 27,966 shares or 0.03% of its portfolio. Martingale Asset Mgmt Limited Partnership owns 24,063 shares or 0.01% of their US portfolio. Nationwide Fund Advisors has invested 0% of its portfolio in CNB Financial Corp (NASDAQ:CCNE). Legal General Gp Public Limited Co reported 2,958 shares or 0% of all its holdings. Moreover, Stifel Corp has 0.02% invested in CNB Financial Corp (NASDAQ:CCNE) for 187,779 shares. Connors Investor last reported 16,300 shares in the company. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Hightower Advsrs Limited Co holds 10,751 shares or 0% of its portfolio. State Street Corp has 221,699 shares for 0% of their US portfolio.

Insider Transactions: Since June 8, 2016, the stock had 2 buys, and 0 insider sales for $2,695 net activity. Scott Nicholas N. Jr. bought 43 shares worth $897.

CCNE Company Profile

CNB Financial Corporation, incorporated on September 12, 1983, is a financial holding company. The Firm provides a range of banking and related services through its subsidiary, CNB Bank (the Bank). In addition, the Bank provides trust and asset management services, including the administration of trusts and estates, retirement plans and other employee benefit plans, as well as a range of wealth management services. The Bank offers a range of banking activities and services for individual, business, governmental and institutional customers. The Bank’s Wealth & Asset Management Services division offers a range of client services. The Bank has approximately 40 branch offices and over two loan production offices. The Bank operates two divisions: ERIEBANK and FCBank. As ERIEBANK, the Bank operates in the Pennsylvania counties of Crawford, Erie and Warren. As FCBank, the Bank operates in the Ohio counties of Crawford, Richland, Ashland, Wayne, Marion, Morrow, Knox, Holmes, Delaware and Franklin.

More recent CNB Financial Corp (NASDAQ:CCNE) news were published by: Marketwatch.com which released: “CNB Financial Corporation Announces Closing of $50 Million of Fixed-to …” on October 04, 2016. Also Finance.Yahoo.com published the news titled: “CNB Financial Corporation (Nasdaq: CCNE) to Ring The Nasdaq Stock Market …” on November 08, 2016. Businesswire.com‘s news article titled: “CNB Financial Corporation Announces Acquisition of Lake National Bank” with publication date: December 30, 2015 was also an interesting one.

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By Richard Conner


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