Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Increases By 162.5%

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 8,400 shares, an increase of 162.5% from the December 31st total of 3,200 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is currently 1.2 days.

Valley National Bancorp Trading Down 0.2 %

Shares of VLYPO stock opened at $25.14 on Friday. The business’s 50 day moving average is $25.14 and its two-hundred day moving average is $24.99. Valley National Bancorp has a 12 month low of $20.04 and a 12 month high of $26.01.

Valley National Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a $0.5336 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 8.49%.

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.