CNB Financial Co. (NASDAQ:CCNEP) Sees Significant Drop in Short Interest

CNB Financial Co. (NASDAQ:CCNEP) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 1,600 shares, a drop of 15.8% from the August 15th total of 1,900 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is presently 0.6 days.

CNB Financial Trading Up 2.7 %

CNB Financial stock traded up $0.63 during mid-day trading on Wednesday, hitting $24.38. 4,860 shares of the company traded hands, compared to its average volume of 2,640. CNB Financial has a one year low of $18.42 and a one year high of $25.00. The stock has a fifty day moving average price of $23.22 and a 200-day moving average price of $23.04.

CNB Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.4453 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date was Friday, August 16th.

About CNB Financial

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services.