Old National Bancorp (NASDAQ:ONBPP) Sees Large Decrease in Short Interest

Old National Bancorp (NASDAQ:ONBPP) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 2,767 shares, a drop of 66.5% from the March 31st total of 8,267 shares. Based on an average daily trading volume, of 6,702 shares, the short-interest ratio is presently 0.4 days.

Old National Bancorp Stock Performance

Shares of Old National Bancorp stock traded down $0.06 during midday trading on Friday, hitting $25.12. The company’s stock had a trading volume of 941 shares, compared to its average volume of 6,922. The stock has a 50-day simple moving average of $25.03 and a 200-day simple moving average of $25.10. Old National Bancorp has a 1-year low of $24.53 and a 1-year high of $25.65.

Old National Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 5th will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Tuesday, May 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.