Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Drops By 43.9%

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 3,200 shares, a decline of 43.9% from the November 30th total of 5,700 shares. Based on an average daily trading volume, of 7,000 shares, the days-to-cover ratio is presently 0.5 days.

Valley National Bancorp Trading Down 0.1 %

VLYPO traded down $0.02 during midday trading on Friday, hitting $24.95. The company had a trading volume of 3,451 shares, compared to its average volume of 16,222. The stock’s 50 day moving average price is $25.17 and its 200 day moving average price is $24.74. Valley National Bancorp has a 52 week low of $20.04 and a 52 week high of $26.01.

Valley National Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a $0.5336 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date of this dividend is Friday, December 13th.

About Valley National Bancorp

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.