Valley National Bancorp (NASDAQ:VLYPO) Sees Large Decrease in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,105 shares, a drop of 67.8% from the December 31st total of 3,428 shares. Based on an average daily volume of 5,409 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 5,409 shares, the short-interest ratio is currently 0.2 days.

Valley National Bancorp Stock Down 0.1%

Shares of Valley National Bancorp stock opened at $25.07 on Wednesday. Valley National Bancorp has a 1-year low of $22.73 and a 1-year high of $25.74. The firm’s 50-day moving average price is $25.18 and its two-hundred day moving average price is $25.14.

About Valley National Bancorp

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, operating through its primary subsidiary, Valley National Bank. The company provides a full range of commercial and consumer banking services, including deposit accounts, lending products, and treasury management. Valley National Bancorp also offers mortgage origination, residential mortgage servicing, wealth management, insurance, and trust services to individuals, small businesses, and middle-market companies.

In its commercial banking segment, Valley National Bancorp serves clients with business checking and savings accounts, commercial and industrial loans, equipment leasing and financing, and treasury management solutions.