Valley National Bancorp (NASDAQ:VLYPO) Short Interest Up 162.5% in January

Valley National Bancorp (NASDAQ:VLYPO) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 8,400 shares, a growth of 162.5% from the December 31st total of 3,200 shares. Based on an average trading volume of 7,100 shares, the short-interest ratio is presently 1.2 days.

Valley National Bancorp Price Performance

Shares of VLYPO stock traded down $0.05 during trading hours on Thursday, hitting $25.14. The stock had a trading volume of 6,113 shares, compared to its average volume of 5,916. Valley National Bancorp has a twelve month low of $20.04 and a twelve month high of $26.01. The stock’s 50 day moving average is $25.14 and its 200 day moving average is $24.99.

Valley National Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a $0.5336 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.13 annualized dividend and a yield of 8.49%.

Valley National Bancorp Company Profile

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.