Short Interest in United Community Banks, Inc. (NASDAQ:UCBIO) Drops By 42.6%

United Community Banks, Inc. (NASDAQ:UCBIO) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 2,700 shares, a decline of 42.6% from the March 31st total of 4,700 shares. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is currently 0.4 days.

United Community Banks Stock Performance

Shares of NASDAQ UCBIO traded down $0.15 during trading on Friday, reaching $23.40. The company had a trading volume of 613 shares, compared to its average volume of 6,669. United Community Banks has a twelve month low of $15.38 and a twelve month high of $24.89. The stock has a 50-day moving average price of $23.68 and a two-hundred day moving average price of $23.20.

United Community Banks Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.4297 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.35%. This is a boost from United Community Banks’s previous quarterly dividend of $0.43. The ex-dividend date was Wednesday, February 28th.

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.