ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) Sees Significant Increase in Short Interest

ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,300 shares, an increase of 225.0% from the October 31st total of 400 shares. Based on an average trading volume of 4,600 shares, the short-interest ratio is currently 0.3 days.

ConnectOne Bancorp Price Performance

CNOBP stock remained flat at $22.20 during trading on Friday. 4,580 shares of the company traded hands, compared to its average volume of 5,790. The company has a 50 day simple moving average of $21.50 and a 200-day simple moving average of $20.78. ConnectOne Bancorp has a 1 year low of $16.91 and a 1 year high of $22.32.

ConnectOne Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.3281 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 5.91%.

About ConnectOne Bancorp

ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking.