Old National Bancorp (NASDAQ:ONBPP) Short Interest Down 28.6% in October

Old National Bancorp (NASDAQ:ONBPP) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 5,000 shares, a drop of 28.6% from the September 30th total of 7,000 shares. Based on an average daily trading volume, of 6,100 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 6,100 shares, the days-to-cover ratio is presently 0.8 days.

Old National Bancorp Price Performance

Shares of Old National Bancorp stock traded down $0.15 during midday trading on Monday, reaching $25.25. 3,331 shares of the company’s stock traded hands, compared to its average volume of 5,818. The stock has a 50 day moving average of $25.22 and a 200-day moving average of $25.15. Old National Bancorp has a 12 month low of $24.40 and a 12 month high of $25.65.

Old National Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Wednesday, November 5th will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Wednesday, November 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.