ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) Sees Significant Increase in Short Interest

ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 4,800 shares, an increase of 118.2% from the February 13th total of 2,200 shares. Based on an average daily trading volume, of 5,700 shares, the days-to-cover ratio is currently 0.8 days.

ConnectOne Bancorp Stock Up 1.3 %

CNOBP stock traded up $0.30 during mid-day trading on Friday, hitting $22.90. The company had a trading volume of 3,938 shares, compared to its average volume of 4,688. ConnectOne Bancorp has a 12-month low of $19.01 and a 12-month high of $23.42. The company has a 50-day moving average price of $22.94 and a 200 day moving average price of $22.02.

ConnectOne Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.3281 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.31 annualized dividend and a yield of 5.73%.

ConnectOne Bancorp Company Profile

ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking.