Old National Bancorp (NASDAQ:ONBPO) Sees Large Growth in Short Interest

Old National Bancorp (NASDAQ:ONBPO) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,800 shares, a growth of 833.3% from the February 28th total of 300 shares. Based on an average daily volume of 9,200 shares, the short-interest ratio is currently 0.3 days.

Old National Bancorp Stock Up 0.2 %

Shares of NASDAQ:ONBPO opened at $24.93 on Thursday. Old National Bancorp has a 12-month low of $23.63 and a 12-month high of $26.33. The business has a fifty day simple moving average of $24.99 and a 200 day simple moving average of $25.15.

Old National Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, May 5th will be given a dividend of $0.4375 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.02%.

About Old National Bancorp

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.