Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Increases By 162.5%

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 8,400 shares, an increase of 162.5% from the December 15th total of 3,200 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is presently 1.2 days.

Valley National Bancorp Price Performance

Valley National Bancorp stock opened at $24.95 on Tuesday. Valley National Bancorp has a 52-week low of $20.04 and a 52-week high of $26.01. The firm has a 50-day moving average price of $25.14 and a two-hundred day moving average price of $24.84.

Valley National Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.5336 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.13 annualized dividend and a dividend yield of 8.55%.

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.