Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Decreases By 58.3%

Valley National Bancorp (NASDAQ:VLYPO) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,500 shares, a drop of 58.3% from the December 31st total of 8,400 shares. Based on an average daily trading volume, of 7,400 shares, the days-to-cover ratio is currently 0.5 days.

Valley National Bancorp Stock Performance

Shares of VLYPO traded down $0.05 during midday trading on Thursday, hitting $25.14. The stock had a trading volume of 5,372 shares, compared to its average volume of 5,796. Valley National Bancorp has a fifty-two week low of $20.04 and a fifty-two week high of $26.01. The business has a 50-day simple moving average of $25.14 and a two-hundred day simple moving average of $24.99.

Valley National Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a $0.5336 dividend. This represents a $2.13 annualized dividend and a dividend yield of 8.49%. The ex-dividend date 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.