Short Interest in Valley National Bancorp (NASDAQ:VLYPP) Decreases By 34.6%

Valley National Bancorp (NASDAQ:VLYPP) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 283,800 shares, a decrease of 34.6% from the November 30th total of 434,200 shares. Based on an average daily volume of 13,900 shares, the short-interest ratio is currently 20.4 days.

Valley National Bancorp Price Performance

VLYPP stock remained flat at $25.00 during midday trading on Friday. 26,766 shares of the company’s stock were exchanged, compared to its average volume of 21,997. The company’s 50-day moving average price is $24.88 and its 200 day moving average price is $23.83. Valley National Bancorp has a 12 month low of $18.63 and a 12 month high of $25.20.

Valley National Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a $0.3906 dividend. This represents a $1.56 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend is Friday, December 13th.

Valley National Bancorp Company Profile

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.