China Commercial Credit (CCCR) Touches $3.48 High on Oct, 12; Mercantile Bank (MBWM) Shorts Down By 3.59%

October 12, 2017 - By Louis Casey

The stock of China Commercial Credit Inc (NASDAQ:CCCR) reached all time high today, Oct, 12 and still has $3.69 target or 6.00% above today’s $3.48 share price. This indicates more upside for the $62.76M company. This technical setup was reported by Barchart.com. If the $3.69 PT is reached, the company will be worth $3.77M more. About 668,606 shares traded or 1890.14% up from the average. China Commercial Credit Inc (NASDAQ:CCCR) has risen 708.57% since October 12, 2016 and is uptrending. It has outperformed by 691.87% the S&P500.

Mercantile Bank Corporation (NASDAQ:MBWM) had a decrease of 3.59% in short interest. MBWM’s SI was 153,100 shares in October as released by FINRA. Its down 3.59% from 158,800 shares previously. With 20,300 avg volume, 8 days are for Mercantile Bank Corporation (NASDAQ:MBWM)’s short sellers to cover MBWM’s short positions. The SI to Mercantile Bank Corporation’s float is 1.06%. About 4,139 shares traded. Mercantile Bank Corp. (NASDAQ:MBWM) has risen 34.10% since October 12, 2016 and is uptrending. It has outperformed by 17.40% the S&P500.

Among 5 analysts covering Mercantile Bank (NASDAQ:MBWM), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Mercantile Bank had 12 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by DA Davidson on Monday, September 11. The stock of Mercantile Bank Corp. (NASDAQ:MBWM) has “Market Perform” rating given on Monday, November 21 by Hovde Group. The firm has “Hold” rating given on Wednesday, July 22 by Sandler O’Neill. The stock of Mercantile Bank Corp. (NASDAQ:MBWM) has “Mkt Perform” rating given on Wednesday, January 18 by Raymond James. On Tuesday, November 29 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. The firm has “Neutral” rating given on Thursday, September 28 by DA Davidson. The company was upgraded on Tuesday, August 25 by Raymond James. Keefe Bruyette & Woods maintained the shares of MBWM in report on Tuesday, October 3 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods on Friday, May 26 with “Hold”.

Mercantile Bank Corporation is a bank holding company. The company has market cap of $591.73 million. The Firm owns the Mercantile Bank of Michigan . It has a 19.06 P/E ratio. The Bank is a state banking company.

Since June 12, 2017, it had 0 buys, and 1 sale for $240,059 activity. Another trade for 7,113 shares valued at $240,059 was sold by SULLIVAN THOMAS R.

Investors sentiment decreased to 1.25 in 2017 Q2. Its down 0.01, from 1.26 in 2017Q1. It turned negative, as 8 investors sold Mercantile Bank Corp. shares while 24 reduced holdings. 8 funds opened positions while 32 raised stakes. 8.59 million shares or 1.45% more from 8.47 million shares in 2017Q1 were reported. Ftb Advisors owns 0% invested in Mercantile Bank Corp. (NASDAQ:MBWM) for 666 shares. Thomson Horstmann & Bryant invested in 98,427 shares. Moreover, Morgan Stanley has 0% invested in Mercantile Bank Corp. (NASDAQ:MBWM). Ameritas Invest Prns has invested 0% of its portfolio in Mercantile Bank Corp. (NASDAQ:MBWM). California Public Employees Retirement holds 50,600 shares. Jpmorgan Chase owns 33,325 shares. Wells Fargo & Mn reported 37,222 shares. Indexiq Advsr Limited Liability has 13,753 shares. Royal Bank Of Canada holds 0% or 232,567 shares. 43,102 are owned by Tiaa Cref Limited Liability Co. The Massachusetts-based Numeric Invsts Lc has invested 0.01% in Mercantile Bank Corp. (NASDAQ:MBWM). 2,002 were reported by Bnp Paribas Arbitrage Sa. Creative Planning reported 320 shares. Alliancebernstein Lp reported 18,800 shares. Seizert Ltd Liability Corporation has 58,783 shares for 0.07% of their portfolio.

China Commercial Credit, Inc. is engaged in offering financial services in China. The company has market cap of $62.76 million. The Company’s activities consist of providing direct loans, loan guarantees and financial leasing services to small-to-medium sized businesses , farmers and individuals in the city of Wujiang, Jiangsu Province. It currently has negative earnings. The Company’s loan and loan guarantee business is conducted through Wujiang Luxiang Rural Microcredit Co., Ltd.

Since May 1, 2017, it had 0 buys, and 1 sale for $72,000 activity. On Monday, May 1 Yi Long sold $72,000 worth of China Commercial Credit Inc (NASDAQ:CCCR) or 30,000 shares.

Investors sentiment increased to 4 in 2017 Q2. Its up 4.00, from 0 in 2017Q1. It increased, as 1 investors sold China Commercial Credit Inc shares while 0 reduced holdings. 4 funds opened positions while 0 raised stakes. 288,516 shares or 267.07% more from 78,600 shares in 2017Q1 were reported. Morgan Stanley accumulated 4,000 shares. Geode Limited Liability holds 0% or 11,141 shares. Deutsche Bankshares Ag invested in 0% or 500 shares.

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