Short Interest in United Community Banks, Inc. (NASDAQ:UCBIO) Drops By 42.6%

United Community Banks, Inc. (NASDAQ:UCBIO) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 2,700 shares, a drop of 42.6% from the March 31st total of 4,700 shares. Based on an average daily trading volume, of 6,700 shares, the short-interest ratio is currently 0.4 days.

United Community Banks Stock Down 0.6 %

Shares of NASDAQ UCBIO traded down $0.15 during mid-day trading on Friday, hitting $23.40. The company had a trading volume of 613 shares, compared to its average volume of 6,669. The business’s 50-day simple moving average is $23.68 and its 200-day simple moving average is $23.20. United Community Banks has a 12 month low of $15.38 and a 12 month high of $24.89.

United Community Banks Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.4297 per share. This is a boost from United Community Banks’s previous quarterly dividend of $0.43. The ex-dividend date was Wednesday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 7.35%.

United Community Banks Company Profile

United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.