Valley National Bancorp (NASDAQ:VLYPP) Short Interest Up 240.9% in December

Valley National Bancorp (NASDAQ:VLYPP) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 12,934 shares, an increase of 240.9% from the December 15th total of 3,794 shares. Based on an average daily trading volume, of 5,566 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily trading volume, of 5,566 shares, the days-to-cover ratio is currently 2.3 days.

Valley National Bancorp Stock Performance

VLYPP stock opened at $25.29 on Wednesday. Valley National Bancorp has a 52-week low of $21.71 and a 52-week high of $26.11. The company’s 50 day simple moving average is $25.32 and its 200-day simple moving average is $25.32.

Valley National Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were paid a dividend of $0.5127 per share. This represents a $2.05 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Monday, December 15th.

About Valley National Bancorp

Valley National Bancorp (NASDAQ: VLYPP) is a bank holding company headquartered in Wayne, New Jersey, whose principal subsidiary, Valley Bank, delivers a full spectrum of financial services. Founded in 1927 as The Bank of Passaic County, the company has grown through strategic acquisitions and organic expansion to become a regional banking franchise. Valley National Bancorp provides commercial and consumer banking services, with offerings that include deposit accounts, business and agricultural lending, residential real estate financing, and treasury management solutions.

In addition to core lending and deposit-taking activities, Valley National Bancorp operates specialized businesses covering mortgage banking, wealth management, and insurance services.