United Community Banks, Inc. (NASDAQ:UCBIO) Sees Large Decline in Short Interest

United Community Banks, Inc. (NASDAQ:UCBIO) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 2,700 shares, a decrease of 42.6% from the March 31st total of 4,700 shares. Based on an average trading volume of 6,700 shares, the short-interest ratio is currently 0.4 days.

United Community Banks Stock Down 1.9 %

UCBIO stock opened at $23.10 on Friday. The firm’s 50-day simple moving average is $23.66 and its 200 day simple moving average is $23.21. United Community Banks has a fifty-two week low of $15.38 and a fifty-two week high of $24.89.

United Community Banks Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.4297 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.44%. The ex-dividend date was Wednesday, February 28th. This is a boost from United Community Banks’s previous quarterly dividend of $0.43.

About United Community Banks

United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.