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

Valley National Bancorp (NASDAQ:VLYPO) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 8,400 shares, a growth 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 presently 1.2 days.

Valley National Bancorp Trading Down 0.1 %

NASDAQ:VLYPO opened at $25.13 on Thursday. The firm has a fifty day simple moving average of $25.14 and a 200-day simple moving average of $24.86. Valley National Bancorp has a 12 month low of $20.04 and a 12 month high of $26.01.

Valley National Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a dividend of $0.5336 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 8.49%.

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.