Short Interest in CNB Financial Co. (NASDAQ:CCNEP) Drops By 15.8%

CNB Financial Co. (NASDAQ:CCNEP) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 1,600 shares, a drop of 15.8% from the August 15th total of 1,900 shares. Based on an average daily volume of 2,600 shares, the short-interest ratio is currently 0.6 days.

CNB Financial Price Performance

Shares of CNB Financial stock traded up $0.26 during trading on Monday, reaching $23.96. The company’s stock had a trading volume of 401 shares, compared to its average volume of 2,629. The firm’s 50-day moving average is $23.12 and its two-hundred day moving average is $23.01. CNB Financial has a 52-week low of $18.42 and a 52-week high of $25.00.

CNB Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.4453 dividend. This represents a $1.78 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend was Friday, August 16th.

About CNB Financial

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services.