Valley National Bancorp (NASDAQ:VLYPO) Sees Significant Drop in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 2,600 shares, a decrease of 25.7% from the January 15th total of 3,500 shares. Based on an average daily volume of 7,100 shares, the short-interest ratio is currently 0.4 days.

Valley National Bancorp Stock Down 0.0 %

Shares of NASDAQ:VLYPO opened at $25.23 on Friday. Valley National Bancorp has a 52 week low of $21.61 and a 52 week high of $26.01. The company has a 50 day moving average price of $25.11 and a two-hundred day moving average price of $25.09.

Valley National Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a $0.5336 dividend. This represents a $2.13 annualized dividend and a yield of 8.46%. The ex-dividend date was Friday, December 13th.

About Valley National Bancorp

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.