Short Interest in CNB Financial Co. (NASDAQ:CCNEP) Decreases By 5.3%

CNB Financial Co. (NASDAQ:CCNEP) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,800 shares, a decline of 5.3% from the December 31st total of 1,900 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is currently 0.9 days.

CNB Financial Price Performance

NASDAQ:CCNEP traded up $0.10 during mid-day trading on Monday, reaching $25.21. The company’s stock had a trading volume of 1,473 shares, compared to its average volume of 2,620. CNB Financial has a 12-month low of $21.00 and a 12-month high of $25.75. The firm’s fifty day moving average price is $24.98 and its two-hundred day moving average price is $24.41.

CNB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.4453 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date of this dividend is Friday, February 14th.

CNB Financial Company Profile

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.