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

CNB Financial Co. (NASDAQ:CCNEP) saw a significant drop in short interest during the month of 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 daily volume of 1,022 shares, the short-interest ratio is presently 0.8 days.

CNB Financial Price Performance

Shares of NASDAQ CCNEP traded up $0.03 during midday trading on Monday, reaching $24.82. The company’s stock had a trading volume of 1,534 shares, compared to its average volume of 1,553. CNB Financial has a fifty-two week low of $23.57 and a fifty-two week high of $25.44. The stock has a 50 day simple moving average of $25.03 and a 200-day simple moving average of $24.95.

CNB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.4453 dividend. The ex-dividend date of this dividend 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.