ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) Sees Large Increase in Short Interest

ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 3,100 shares, a growth of 342.9% from the February 29th total of 700 shares. Based on an average daily volume of 10,100 shares, the days-to-cover ratio is currently 0.3 days.

ConnectOne Bancorp Stock Up 3.0 %

NASDAQ:CNOBP opened at $20.00 on Friday. The stock’s 50 day simple moving average is $19.38 and its two-hundred day simple moving average is $18.32. ConnectOne Bancorp has a 1 year low of $14.00 and a 1 year high of $20.25.

ConnectOne Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were paid a dividend of $0.3281 per share. This is a positive change from ConnectOne Bancorp’s previous quarterly dividend of $0.33. This represents a $1.31 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date of this dividend was Wednesday, February 14th.

ConnectOne Bancorp Company Profile

ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking.