CNB Financial Co. (NASDAQ:CCNEP) Short Interest Up 42.9% in October

CNB Financial Co. (NASDAQ:CCNEP) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,000 shares, a growth of 42.9% from the October 15th total of 700 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is presently 0.4 days.

CNB Financial Stock Performance

CCNEP traded up $0.31 on Friday, reaching $25.17. 1,201 shares of the stock were exchanged, compared to its average volume of 2,610. The company’s 50-day moving average price is $24.67 and its 200 day moving average price is $23.47. CNB Financial has a fifty-two week low of $20.52 and a fifty-two week high of $25.60.

CNB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.4453 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.78 dividend on an annualized basis and a yield of 7.08%.

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.