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

Old National Bancorp (NASDAQ:ONBPP) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 8,267 shares, a growth of 37.2% from the March 15th total of 6,027 shares. Based on an average trading volume of 7,805 shares, the days-to-cover ratio is currently 1.1 days.

Old National Bancorp Stock Performance

NASDAQ:ONBPP opened at $25.05 on Friday. The firm’s fifty day simple moving average is $25.03 and its 200 day simple moving average is $25.11. Old National Bancorp has a twelve month low of $24.53 and a twelve month high of $25.65.

Old National Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Tuesday, May 5th will be issued a dividend of $0.4375 per share. The ex-dividend date is Tuesday, May 5th. This represents a $1.75 annualized dividend and a dividend yield of 7.0%.

About Old National Bancorp

Old National Bancorp is a bank holding company headquartered in Evansville, Indiana, operating through its primary subsidiary, Old National Bank. The company offers a comprehensive range of financial services designed to meet the needs of both individual and business clients. Its core activities include commercial and consumer banking, mortgage lending, and treasury management solutions.

In addition to traditional deposit and lending products, Old National Bancorp provides wealth management and trust services through a dedicated team of financial advisors.