Old National Bancorp (NASDAQ:ONBPP) Sees Significant Growth in Short Interest

Old National Bancorp (NASDAQ:ONBPP) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 31,999 shares, an increase of 298.0% from the September 30th total of 8,039 shares. Based on an average daily volume of 10,599 shares, the days-to-cover ratio is presently 3.0 days.

Old National Bancorp Price Performance

Shares of ONBPP traded down $0.23 during midday trading on Friday, reaching $24.91. 1,006 shares of the stock were exchanged, compared to its average volume of 10,696. Old National Bancorp has a 52 week low of $24.41 and a 52 week high of $25.50. The company’s 50 day moving average is $24.91 and its two-hundred day moving average is $24.98.

Old National Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Thursday, November 5th will be issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Thursday, November 5th.

Old National Bancorp Company Profile

Old National Bancorp is a regional bank holding company headquartered in Evansville, Indiana. Through its principal subsidiary, Old National Bank, the company provides banking and financial services to individuals, families, businesses and institutions across the Midwest.

Old National Bank offers a range of products and services, including checking and savings accounts, consumer and commercial lending, mortgages, treasury management, wealth management, investment services and trust administration.