Valley National Bancorp (NASDAQ:VLYPP) Short Interest Down 24.9% in December

Valley National Bancorp (NASDAQ:VLYPP) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 213,200 shares, a decline of 24.9% from the December 15th total of 283,800 shares. Based on an average daily volume of 13,700 shares, the days-to-cover ratio is currently 15.6 days.

Valley National Bancorp Price Performance

VLYPP opened at $25.10 on Friday. The business’s fifty day simple moving average is $24.99 and its 200 day simple moving average is $24.11. Valley National Bancorp has a 52 week low of $18.63 and a 52 week high of $25.68.

Valley National Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.3906 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.23%.

Valley National Bancorp Company Profile

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.