Old National Bancorp (NASDAQ:ONBPP) Sees Large Increase in Short Interest

Old National Bancorp (NASDAQ:ONBPP) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 10,400 shares, a growth of 79.3% from the December 15th total of 5,800 shares. Based on an average daily trading volume, of 4,500 shares, the short-interest ratio is currently 2.3 days.

Old National Bancorp Stock Performance

Shares of ONBPP stock traded up $0.14 on Friday, reaching $25.20. 1,819 shares of the company’s stock traded hands, compared to its average volume of 6,902. Old National Bancorp has a 12-month low of $24.02 and a 12-month high of $26.35. The business’s 50 day moving average price is $25.14 and its two-hundred day moving average price is $25.22.

Old National Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 5th will be paid a $0.4375 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $1.75 dividend on an annualized basis and a yield of 6.94%.

About Old National Bancorp

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.