Short Interest in Old National Bancorp (NASDAQ:ONBPO) Grows By 170.8%

Old National Bancorp (NASDAQ:ONBPO) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 6,500 shares, an increase of 170.8% from the December 31st total of 2,400 shares. Based on an average trading volume of 5,700 shares, the days-to-cover ratio is presently 1.1 days.

Old National Bancorp Stock Performance

Shares of NASDAQ ONBPO traded down $0.10 during trading on Wednesday, reaching $25.05. The company had a trading volume of 3,981 shares, compared to its average volume of 4,277. Old National Bancorp has a twelve month low of $23.63 and a twelve month high of $26.33. The stock has a 50-day moving average price of $25.07 and a two-hundred day moving average price of $25.20.

Old National Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date of this dividend is Wednesday, February 5th.

Old National Bancorp Company Profile

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.