Old National Bancorp (NASDAQ:ONBPP) Sees Significant Growth in Short Interest

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

Old National Bancorp Trading Up 0.3 %

Shares of ONBPP stock opened at $25.03 on Wednesday. The firm’s 50-day simple moving average is $25.14 and its 200-day simple moving average is $25.22. Old National Bancorp has a 1-year low of $24.02 and a 1-year high of $26.35.

Old National Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date is Wednesday, February 5th.

About Old National Bancorp

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.