CNB Financial Co. (NASDAQ:CCNEP) Sees Significant Growth in Short Interest

CNB Financial Co. (NASDAQ:CCNEP) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 300 shares, a growth of 200.0% from the March 31st total of 100 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is currently 0.2 days.

CNB Financial Trading Up 1.2 %

CNB Financial stock traded up $0.28 during mid-day trading on Friday, hitting $23.39. 804 shares of the company’s stock were exchanged, compared to its average volume of 2,478. CNB Financial has a 1-year low of $17.00 and a 1-year high of $24.45. The stock has a 50 day moving average of $23.19 and a two-hundred day moving average of $22.29.

CNB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.4453 per share. This represents a $1.78 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date was Thursday, February 15th.

About CNB Financial

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.