Short Interest in Old National Bancorp (NASDAQ:ONBPP) Drops By 30.3%

Old National Bancorp (NASDAQ:ONBPP) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 6,200 shares, a drop of 30.3% from the October 31st total of 8,900 shares. Based on an average trading volume of 3,000 shares, the short-interest ratio is presently 2.1 days.

Old National Bancorp Price Performance

ONBPP traded up $0.31 during midday trading on Friday, reaching $25.60. 1,708 shares of the company were exchanged, compared to its average volume of 5,618. Old National Bancorp has a one year low of $23.51 and a one year high of $26.35. The stock’s 50-day simple moving average is $25.40 and its 200 day simple moving average is $25.18.

Old National Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date of this dividend is Wednesday, February 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.