CNB Financial Co. (NASDAQ:CCNEP) Sees Large Increase in Short Interest

CNB Financial Co. (NASDAQ:CCNEP) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 500 shares, a growth of 150.0% from the January 15th total of 200 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is currently 0.3 days.

CNB Financial Price Performance

NASDAQ:CCNEP opened at $24.82 on Friday. The firm has a 50 day simple moving average of $24.94 and a 200-day simple moving average of $24.53. CNB Financial has a 1-year low of $21.00 and a 1-year high of $25.75.

CNB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.4453 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.78 annualized dividend and a yield of 7.18%.

About CNB Financial

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services.