CNB Financial Co. (NASDAQ:CCNEP) Sees Large Increase in Short Interest

CNB Financial Co. (NASDAQ:CCNEP) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 5,900 shares, an increase of 145.8% from the November 15th total of 2,400 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 2.7 days.

CNB Financial Stock Performance

NASDAQ:CCNEP remained flat at $25.03 during trading hours on Wednesday. The business’s fifty day moving average price is $24.89 and its two-hundred day moving average price is $23.79. CNB Financial has a fifty-two week low of $20.52 and a fifty-two week high of $25.60.

CNB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.4453 dividend. This represents a $1.78 annualized dividend and a yield of 7.12%. The ex-dividend date of this dividend was Friday, November 15th.

CNB Financial Company Profile

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services.