Valley National Bancorp (NASDAQ:VLYPO) Sees Large Increase in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 8,400 shares, an increase of 162.5% from the December 15th total of 3,200 shares. Based on an average daily trading volume, of 7,100 shares, the short-interest ratio is currently 1.2 days.

Valley National Bancorp Stock Down 0.1 %

Shares of VLYPO opened at $25.13 on Thursday. Valley National Bancorp has a fifty-two week low of $20.04 and a fifty-two week high of $26.01. The firm’s 50 day moving average price is $25.14 and its 200 day moving average price is $24.86.

Valley National Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a dividend of $0.5336 per share. This represents a $2.13 annualized dividend and a yield of 8.49%. 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.