Valley National Bancorp (NASDAQ:VLYPO) Sees Significant Increase in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 8,400 shares, an increase of 162.5% from the December 31st total of 3,200 shares. Based on an average trading volume of 7,100 shares, the short-interest ratio is currently 1.2 days.

Valley National Bancorp Trading Down 0.2 %

Shares of NASDAQ:VLYPO traded down $0.05 during mid-day trading on Thursday, reaching $25.14. The company had a trading volume of 6,113 shares, compared to its average volume of 5,916. The company’s 50-day moving average price is $25.14 and its 200-day moving average price is $24.99. Valley National Bancorp has a one year low of $20.04 and a one year high of $26.01.

Valley National Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a $0.5336 dividend. This represents a $2.13 annualized dividend and a dividend yield of 8.49%. The ex-dividend date of this dividend was 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.