Short Interest in CNB Financial Co. (NASDAQ:CCNEP) Decreases By 44.5%

CNB Financial Co. (NASDAQ:CCNEP) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 855 shares, a drop of 44.5% from the April 15th total of 1,541 shares. Based on an average trading volume of 1,022 shares, the short-interest ratio is currently 0.8 days.

CNB Financial Stock Down 1.8%

Shares of CNB Financial stock traded down $0.45 during trading hours on Friday, hitting $24.79. 615 shares of the company’s stock traded hands, compared to its average volume of 1,567. The stock has a 50 day simple moving average of $25.03 and a 200-day simple moving average of $24.95. CNB Financial has a twelve month low of $23.57 and a twelve month high of $25.44.

CNB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.4453 per share. The ex-dividend date is Friday, May 15th. This represents a $1.78 annualized dividend and a dividend yield of 7.2%.

About CNB Financial

CNB Financial Corporation is a bank holding company headquartered in Clearfield, Pennsylvania, and operates through its subsidiary, CNB Bank. The company provides a full range of financial services to individual and commercial customers, including deposit accounts, consumer and commercial lending, mortgage banking, and treasury management solutions. Through its branch network and digital banking platforms, CNB Financial seeks to deliver personalized service and local decision-making across its footprint.

Founded in 1874, CNB Financial has built a regional presence in central and western Pennsylvania, maintaining branches in communities such as Clearfield, Centre, Cambria, Jefferson and Indiana counties.