Valley National Bancorp (NASDAQ:VLYPO) Short Interest Update

Valley National Bancorp (NASDAQ:VLYPO) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 3,200 shares, a decline of 43.9% from the November 30th total of 5,700 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is presently 0.5 days.

Valley National Bancorp Price Performance

Shares of NASDAQ:VLYPO traded down $0.02 during midday trading on Friday, hitting $24.95. The stock had a trading volume of 3,451 shares, compared to its average volume of 16,222. The company’s 50-day moving average price is $25.17 and its 200-day moving average price is $24.74. Valley National Bancorp has a fifty-two week low of $20.04 and a fifty-two week high of $26.01.

Valley National Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.5336 per share. This represents a $2.13 annualized dividend and a yield of 8.55%. The ex-dividend date of this dividend is Friday, December 13th.

About Valley National Bancorp

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.