CNB Financial Co. (NASDAQ:CCNEP) Short Interest Down 90.9% in February

CNB Financial Co. (NASDAQ:CCNEP) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 100 shares, a drop of 90.9% from the February 13th total of 1,100 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 0.1 days.

CNB Financial Price Performance

CNB Financial stock traded down $0.45 during midday trading on Wednesday, reaching $24.65. The company’s stock had a trading volume of 1,006 shares, compared to its average volume of 1,984. CNB Financial has a fifty-two week low of $21.00 and a fifty-two week high of $25.75. The stock’s 50 day simple moving average is $24.91 and its 200 day simple moving average is $24.75.

CNB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.4453 per share. This represents a $1.78 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date of this dividend was Friday, February 14th.

About CNB Financial

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services.