Old National Bancorp (NASDAQ:ONBPP) Sees Large Increase in Short Interest

Old National Bancorp (NASDAQ:ONBPP) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 10,400 shares, a growth of 79.3% from the December 15th total of 5,800 shares. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is currently 2.3 days.

Old National Bancorp Price Performance

NASDAQ:ONBPP traded up $0.14 on Friday, reaching $25.20. The stock had a trading volume of 1,819 shares, compared to its average volume of 6,902. The firm’s fifty day moving average is $25.14 and its two-hundred day moving average is $25.22. Old National Bancorp has a 12-month low of $24.02 and a 12-month high of $26.35.

Old National Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 5th will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 6.94%. 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.