Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Declines By 58.3%

Valley National Bancorp (NASDAQ:VLYPO) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 3,500 shares, a drop of 58.3% from the December 31st total of 8,400 shares. Based on an average daily trading volume, of 7,400 shares, the days-to-cover ratio is presently 0.5 days.

Valley National Bancorp Stock Down 0.2 %

Shares of NASDAQ:VLYPO opened at $25.14 on Friday. The company has a 50 day moving average of $25.14 and a two-hundred day moving average of $24.99. Valley National Bancorp has a 52-week low of $20.04 and a 52-week high of $26.01.

Valley National Bancorp Cuts Dividend

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

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.