Valley National Bancorp (NASDAQ:VLYPO) Short Interest Down 63.6% in August

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 3,900 shares, a decline of 63.6% from the July 31st total of 10,700 shares. Based on an average daily volume of 13,600 shares, the short-interest ratio is presently 0.3 days.

Valley National Bancorp Stock Performance

Shares of VLYPO stock opened at $25.05 on Wednesday. The business has a 50 day moving average of $24.09 and a two-hundred day moving average of $23.80. Valley National Bancorp has a 52 week low of $20.04 and a 52 week high of $25.05.

Valley National Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.5989 per share. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, September 13th. This represents a $2.40 annualized dividend and a yield of 9.56%.

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.