Valley National Bancorp (NASDAQ:VLYPO) Shares Shorted: Short Interest Down 62.2% in October

Valley National Bancorp (NASDAQ:VLYPO) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,710 shares, a decrease of 62.2% from the September 30th total of 4,522 shares. Based on an average daily trading volume, of 6,683 shares, the days-to-cover ratio is currently 0.3 days.

Valley National Bancorp Stock Performance

Shares of VLYPO stock opened at $24.20 on Thursday. The company has a 50 day moving average of $24.75 and a 200-day moving average of $24.90. Valley National Bancorp has a 12-month low of $23.96 and a 12-month high of $25.64.

Valley National Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.5001 per share. This represents a $2.00 annualized dividend and a yield of 8.3%. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.4838. The ex-dividend date of this dividend is Tuesday, December 15th.

About Valley National Bancorp

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, and the parent company of Valley National Bank. Founded in 1927, the company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

Through its banking operations, Valley offers deposit accounts, residential and commercial mortgages, consumer and business lending, credit cards, treasury management, online and mobile banking, and other cash-management services.