Old National Bancorp (NASDAQ:ONBPO) Sees Significant Decrease in Short Interest

Old National Bancorp (NASDAQ:ONBPO) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 2,420 shares, a decrease of 53.3% from the November 30th total of 5,185 shares. Based on an average daily trading volume, of 5,340 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 5,340 shares, the days-to-cover ratio is currently 0.5 days.

Old National Bancorp Trading Down 0.1%

ONBPO stock traded down $0.04 during trading on Friday, hitting $25.07. 9,396 shares of the company traded hands, compared to its average volume of 6,729. The company has a 50-day moving average of $25.12 and a 200-day moving average of $25.10. Old National Bancorp has a 1 year low of $24.44 and a 1 year high of $25.49.

Old National Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Thursday, February 5th will be given a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 7.0%. The ex-dividend date is Thursday, February 5th.

Old National Bancorp Company Profile

Old National Bancorp, headquartered in Evansville, Indiana, is a regional financial services holding company and the parent of Old National Bank. Established in 1834, the institution ranks among the longest-serving banks in the Midwest and provides a comprehensive range of banking solutions. Its core offerings include deposit accounts, consumer and small business lending, commercial real estate financing, and treasury and cash management services.

Beyond traditional banking, Old National Bancorp delivers wealth management and trust services, retirement planning, investment advisory, and specialty insurance products through its subsidiaries.