Valley National Bancorp (NASDAQ:VLYPO) Sees Large Decline in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 3,500 shares, a drop of 58.3% from the December 31st total of 8,400 shares. Based on an average daily trading volume, of 7,400 shares, the short-interest ratio is currently 0.5 days.

Valley National Bancorp Stock Down 0.2 %

Valley National Bancorp stock traded down $0.04 during trading hours on Friday, reaching $25.09. 7,333 shares of the stock were exchanged, compared to its average volume of 5,987. Valley National Bancorp has a 52-week low of $20.04 and a 52-week high of $26.01. The firm’s 50 day moving average is $25.14 and its 200 day moving average is $25.00.

Valley National Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.5336 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.13 annualized dividend and a yield of 8.51%.

Valley National Bancorp Company Profile

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.