Old National Bancorp (NASDAQ:ONBPO) Short Interest Up 149.5% in May

Old National Bancorp (NASDAQ:ONBPO) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 12,080 shares, an increase of 149.5% from the April 30th total of 4,842 shares. Based on an average daily trading volume, of 5,121 shares, the days-to-cover ratio is currently 2.4 days.

Old National Bancorp Price Performance

Shares of NASDAQ ONBPO traded down $0.06 during midday trading on Monday, hitting $24.89. 1,961 shares of the company’s stock traded hands, compared to its average volume of 7,199. Old National Bancorp has a 1 year low of $24.52 and a 1 year high of $25.49. The firm has a fifty day moving average of $24.91 and a 200 day moving average of $25.06.

Old National Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Wednesday, August 5th will be given a dividend of $0.4375 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $1.75 annualized dividend and a dividend yield of 7.0%.

Old National Bancorp Company Profile

Old National Bancorp, headquartered in Evansville, Indiana, is a regional financial services holding company and the parent of Old National Bank. Established in 1834, the institution ranks among the longest-serving banks in the Midwest and provides a comprehensive range of banking solutions. Its core offerings include deposit accounts, consumer and small business lending, commercial real estate financing, and treasury and cash management services.

Beyond traditional banking, Old National Bancorp delivers wealth management and trust services, retirement planning, investment advisory, and specialty insurance products through its subsidiaries.