Short Interest in Old National Bancorp (NASDAQ:ONBPP) Increases By 69.1%

Old National Bancorp (NASDAQ:ONBPP) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 21,463 shares, a growth of 69.1% from the May 14th total of 12,691 shares. Based on an average daily volume of 10,457 shares, the days-to-cover ratio is currently 2.1 days.

Old National Bancorp Stock Up 0.7%

Shares of ONBPP traded up $0.18 during trading hours on Monday, hitting $25.08. 20,603 shares of the stock were exchanged, compared to its average volume of 13,537. Old National Bancorp has a 12-month low of $24.41 and a 12-month high of $25.60. The stock’s 50-day moving average price is $24.88 and its two-hundred day moving average price is $25.02.

Old National Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Wednesday, August 5th will be given a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Wednesday, August 5th.

Old National Bancorp Company Profile

Old National Bancorp is a bank holding company headquartered in Evansville, Indiana, operating through its primary subsidiary, Old National Bank. The company offers a comprehensive range of financial services designed to meet the needs of both individual and business clients. Its core activities include commercial and consumer banking, mortgage lending, and treasury management solutions.

In addition to traditional deposit and lending products, Old National Bancorp provides wealth management and trust services through a dedicated team of financial advisors.