Valley National Bancorp (NASDAQ:VLYPO) Sees Large Growth in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,600 shares, an increase of 62.5% from the September 30th total of 1,600 shares. Based on an average daily volume of 7,600 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 7,600 shares, the short-interest ratio is currently 0.3 days.

Valley National Bancorp Stock Down 0.7%

Shares of NASDAQ:VLYPO opened at $25.06 on Tuesday. Valley National Bancorp has a 1 year low of $22.73 and a 1 year high of $25.74. The stock’s fifty day moving average price is $25.16 and its 200-day moving average price is $25.00.

Valley National Bancorp (NASDAQ:VLYPO) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.29 EPS for the quarter. The firm had revenue of $353.54 million for the quarter.

Valley National Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be given a dividend of $0.4955 per share. The ex-dividend date is Monday, December 15th. This represents a $1.98 annualized dividend and a dividend yield of 7.9%.

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.