Valley National Bancorp (NASDAQ:VLYPP) Short Interest Down 24.9% in December

Valley National Bancorp (NASDAQ:VLYPP) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 213,200 shares, a drop of 24.9% from the December 15th total of 283,800 shares. Based on an average trading volume of 13,700 shares, the short-interest ratio is currently 15.6 days.

Valley National Bancorp Trading Down 0.6 %

Valley National Bancorp stock opened at $24.82 on Wednesday. The firm has a 50 day simple moving average of $24.97 and a 200-day simple moving average of $24.10. Valley National Bancorp has a 12-month low of $18.63 and a 12-month high of $25.68.

Valley National Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a $0.3906 dividend. This represents a $1.56 annualized dividend and a dividend yield of 6.30%. The ex-dividend date of this dividend was 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.