Valley National Bancorp (NASDAQ:VLYPP) Sees Large Decline in Short Interest

Valley National Bancorp (NASDAQ:VLYPP) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 283,800 shares, a drop of 34.6% from the November 30th total of 434,200 shares. Based on an average daily volume of 13,900 shares, the days-to-cover ratio is presently 20.4 days.

Valley National Bancorp Stock Performance

NASDAQ:VLYPP opened at $25.09 on Monday. Valley National Bancorp has a 52-week low of $18.63 and a 52-week high of $25.20. The firm’s 50-day moving average is $24.88 and its 200-day moving average is $23.85.

Valley National Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a $0.3906 dividend. This represents a $1.56 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend is Friday, December 13th.

Valley National Bancorp Company Profile

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.