Old National Bancorp (NASDAQ:ONBPO) Short Interest Up 23.3% in July

Old National Bancorp (NASDAQ:ONBPO) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 3,700 shares, an increase of 23.3% from the July 15th total of 3,000 shares. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Old National Bancorp

An institutional investor recently bought a new position in Old National Bancorp stock. Thompson Investment Management Inc. acquired a new stake in Old National Bancorp (NASDAQ:ONBPO) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,000 shares of the company’s stock, valued at approximately $51,000.

Old National Bancorp Stock Performance

NASDAQ:ONBPO traded up $0.05 during mid-day trading on Friday, hitting $25.15. 1,507 shares of the stock were exchanged, compared to its average volume of 9,325. The firm’s 50-day simple moving average is $25.04 and its 200 day simple moving average is $24.98. Old National Bancorp has a fifty-two week low of $21.58 and a fifty-two week high of $26.33.

About Old National Bancorp

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.