Old National Bancorp (NASDAQ:ONBPO) Sees Significant Increase in Short Interest

Old National Bancorp (NASDAQ:ONBPO) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 8,300 shares, a growth of 196.4% from the March 15th total of 2,800 shares. Based on an average daily volume of 8,300 shares, the short-interest ratio is currently 1.0 days.

Old National Bancorp Trading Up 0.1 %

Shares of ONBPO traded up $0.02 during midday trading on Thursday, hitting $24.82. 5,224 shares of the stock were exchanged, compared to its average volume of 6,377. Old National Bancorp has a 52-week low of $24.29 and a 52-week high of $25.90. The stock has a fifty day simple moving average of $24.88 and a 200 day simple moving average of $25.08.

Old National Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, May 5th will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.05%. The ex-dividend date of this dividend is Monday, May 5th.

Old National Bancorp Company Profile

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.