Short Interest in Valley National Bancorp (NASDAQ:VLYPP) Drops By 34.6%

Valley National Bancorp (NASDAQ:VLYPP) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 283,800 shares, a drop of 34.6% from the November 30th total of 434,200 shares. Based on an average daily trading volume, of 13,900 shares, the short-interest ratio is presently 20.4 days.

Valley National Bancorp Stock Performance

NASDAQ:VLYPP remained flat at $25.00 during midday trading on Friday. The company had a trading volume of 26,766 shares, compared to its average volume of 21,997. Valley National Bancorp has a 52-week low of $18.63 and a 52-week high of $25.20. The business’s 50-day simple moving average is $24.88 and its two-hundred day simple moving average is $23.84.

Valley National Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a dividend of $0.3906 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend is Friday, December 13th.

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.