Short Interest in United Community Banks, Inc. (NASDAQ:UCBIO) Drops By 62.5%

United Community Banks, Inc. (NASDAQ:UCBIO) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,000 shares, a drop of 62.5% from the February 29th total of 8,000 shares. Based on an average trading volume of 7,400 shares, the days-to-cover ratio is currently 0.4 days.

United Community Banks Stock Performance

Shares of UCBIO opened at $23.78 on Thursday. The company’s fifty day moving average is $23.93 and its 200-day moving average is $23.00. United Community Banks has a 12 month low of $15.38 and a 12 month high of $24.89.

United Community Banks Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.4297 per share. This is an increase from United Community Banks’s previous quarterly dividend of $0.43. The ex-dividend date was Wednesday, February 28th. This represents a $1.72 annualized dividend and a yield of 7.23%.

About United Community Banks

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.