United Community Banks, Inc. (NASDAQ:UCBIO) Sees Large Increase in Short Interest

United Community Banks, Inc. (NASDAQ:UCBIOGet Free Report) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 25,000 shares, a growth of 273.1% from the January 15th total of 6,700 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is presently 3.3 days.

United Community Banks Stock Up 1.6 %

United Community Banks stock traded up $0.39 during mid-day trading on Monday, hitting $24.40. 4,710 shares of the company’s stock traded hands, compared to its average volume of 10,359. The firm has a 50 day moving average price of $23.34 and a 200 day moving average price of $22.39. United Community Banks has a one year low of $15.38 and a one year high of $25.52.

United Community Banks Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a $0.4297 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date was Wednesday, November 29th.

About United Community Banks

(Get Free Report)

United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.

Further Reading

Receive News & Ratings for United Community Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks and related companies with MarketBeat.com's FREE daily email newsletter.