Old National Bancorp (NASDAQ:ONBPO) Sees Large Growth in Short Interest

Old National Bancorp (NASDAQ:ONBPO) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 8,300 shares, an increase of 196.4% from the March 15th total of 2,800 shares. Based on an average daily volume of 8,300 shares, the days-to-cover ratio is currently 1.0 days.

Old National Bancorp Stock Down 0.4 %

ONBPO traded down $0.09 during trading on Tuesday, reaching $24.83. The stock had a trading volume of 1,779 shares, compared to its average volume of 6,462. The business has a 50-day moving average of $24.89 and a 200-day moving average of $25.08. Old National Bancorp has a one year low of $23.63 and a one year high of $25.90.

Old National Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, May 5th will be issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend is Monday, May 5th.

Old National Bancorp Company Profile

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.