Old National Bancorp (NASDAQ:ONBPP) Sees Large Increase in Short Interest

Old National Bancorp (NASDAQ:ONBPP) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 4,823 shares, a growth of 148.9% from the January 29th total of 1,938 shares. Based on an average trading volume of 6,579 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 6,579 shares, the days-to-cover ratio is presently 0.7 days.

Old National Bancorp Stock Down 0.1%

ONBPP stock opened at $25.14 on Friday. The business has a fifty day moving average price of $25.15 and a 200 day moving average price of $25.16. Old National Bancorp has a fifty-two week low of $24.40 and a fifty-two week high of $25.65.

Old National Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 5th will be paid a $0.4375 dividend. The ex-dividend date is Tuesday, May 5th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.0%.

About Old National Bancorp

Old National Bancorp is a bank holding company headquartered in Evansville, Indiana, operating through its primary subsidiary, Old National Bank. The company offers a comprehensive range of financial services designed to meet the needs of both individual and business clients. Its core activities include commercial and consumer banking, mortgage lending, and treasury management solutions.

In addition to traditional deposit and lending products, Old National Bancorp provides wealth management and trust services through a dedicated team of financial advisors.