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

Valley National Bancorp (NASDAQ:VLYPP) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 7,882 shares, a drop of 39.1% from the December 31st total of 12,934 shares. Based on an average daily volume of 4,093 shares, the short-interest ratio is currently 1.9 days. Based on an average daily volume of 4,093 shares, the short-interest ratio is currently 1.9 days.

Valley National Bancorp Trading Up 0.4%

Shares of VLYPP stock opened at $25.27 on Friday. Valley National Bancorp has a 12 month low of $21.71 and a 12 month high of $26.11. The stock has a 50 day moving average of $25.29 and a two-hundred day moving average of $25.34.

About Valley National Bancorp

Valley National Bancorp (NASDAQ: VLYPP) is a bank holding company headquartered in Wayne, New Jersey, whose principal subsidiary, Valley Bank, delivers a full spectrum of financial services. Founded in 1927 as The Bank of Passaic County, the company has grown through strategic acquisitions and organic expansion to become a regional banking franchise. Valley National Bancorp provides commercial and consumer banking services, with offerings that include deposit accounts, business and agricultural lending, residential real estate financing, and treasury management solutions.

In addition to core lending and deposit-taking activities, Valley National Bancorp operates specialized businesses covering mortgage banking, wealth management, and insurance services.