Old National Bancorp (NASDAQ:ONBPO) Shares Shorted: Short Interest Down 46.9% in September

Old National Bancorp (NASDAQ:ONBPO) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 6,418 shares, a decline of 46.9% from the September 15th total of 12,080 shares. Based on an average trading volume of 7,616 shares, the days-to-cover ratio is presently 0.8 days.

Old National Bancorp Stock Down 1.3%

Shares of Old National Bancorp stock traded down $0.33 during midday trading on Wednesday, reaching $24.48. 3,091 shares of the company’s stock traded hands, compared to its average volume of 6,596. Old National Bancorp has a 52 week low of $24.50 and a 52 week high of $25.45. The company’s 50 day simple moving average is $24.86 and its 200 day simple moving average is $24.91.

Old National Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Thursday, November 5th will be issued a dividend of $0.4375 per share. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.1%.

Old National Bancorp Company Profile

Old National Bancorp (NASDAQ: ONBPO) is a regional bank holding company headquartered in Evansville, Indiana. Its principal subsidiary, Old National Bank, provides banking and financial services to individuals, families, businesses and institutions across the Midwest.

The company’s offerings include consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, treasury management, wealth management, investment services and mortgage banking. Old National also serves clients in areas such as corporate banking, equipment finance, public-sector banking and institutional trust services.

Founded in 1834, Old National has expanded through organic growth and bank acquisitions.