CNB Financial Co. (NASDAQ:CCNEP – Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 1,800 shares, an increase of 38.5% from the September 15th total of 1,300 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is currently 0.6 days.
CNB Financial Stock Down 0.5 %
Shares of CCNEP opened at $24.50 on Tuesday. CNB Financial has a twelve month low of $18.42 and a twelve month high of $25.60. The company has a 50 day moving average of $23.98 and a 200-day moving average of $23.23.
CNB Financial Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.4453 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date was Friday, August 16th.
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.
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