Valley National Bancorp (NASDAQ:VLYPO) Short Interest Up 145.8% in March

Valley National Bancorp (NASDAQ:VLYPO) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 2,960 shares, an increase of 145.8% from the March 15th total of 1,204 shares. Based on an average daily trading volume, of 10,793 shares, the days-to-cover ratio is currently 0.3 days.

Valley National Bancorp Trading Up 0.1%

Valley National Bancorp stock opened at $24.81 on Tuesday. Valley National Bancorp has a 52-week low of $23.22 and a 52-week high of $25.74. The company’s 50 day moving average is $24.94 and its two-hundred day moving average is $25.07.

Valley National Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were issued a $0.4703 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Friday, March 13th.

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.