Short Interest in Old National Bancorp (NASDAQ:ONBPO) Drops By 53.3%

Old National Bancorp (NASDAQ:ONBPO) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 2,420 shares, a decrease of 53.3% from the November 30th total of 5,185 shares. Based on an average daily volume of 5,340 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 5,340 shares, the short-interest ratio is presently 0.5 days.

Old National Bancorp Price Performance

ONBPO traded down $0.04 during trading on Friday, reaching $25.07. 9,396 shares of the stock traded hands, compared to its average volume of 6,729. The stock’s 50-day simple moving average is $25.12 and its two-hundred day simple moving average is $25.10. Old National Bancorp has a fifty-two week low of $24.44 and a fifty-two week high of $25.49.

Old National Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Thursday, February 5th will be issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Thursday, February 5th.

About Old National Bancorp

Old National Bancorp, headquartered in Evansville, Indiana, is a regional financial services holding company and the parent of Old National Bank. Established in 1834, the institution ranks among the longest-serving banks in the Midwest and provides a comprehensive range of banking solutions. Its core offerings include deposit accounts, consumer and small business lending, commercial real estate financing, and treasury and cash management services.

Beyond traditional banking, Old National Bancorp delivers wealth management and trust services, retirement planning, investment advisory, and specialty insurance products through its subsidiaries.