Old National Bancorp (NASDAQ:ONBPO) Stock Short Interest Rises 305.3%

Old National Bancorp (NASDAQ:ONBPO) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 26,012 shares, a growth of 305.3% from the September 30th total of 6,418 shares. Based on an average daily trading volume, of 7,161 shares, the short-interest ratio is presently 3.6 days.

Old National Bancorp Price Performance

ONBPO stock traded down $0.11 during mid-day trading on Friday, hitting $24.89. 4,300 shares of the company were exchanged, compared to its average volume of 6,564. Old National Bancorp has a twelve month low of $24.33 and a twelve month high of $25.43. The firm has a fifty day simple moving average of $24.87 and a 200 day simple moving average of $24.97.

Old National Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Thursday, November 5th will be issued a $0.4375 dividend. The ex-dividend date is Thursday, November 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. Through its principal subsidiary, Old National Bank, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include personal and business deposit accounts, consumer and commercial lending, mortgage banking, treasury management, wealth management, investment services and insurance-related solutions. The bank also supports businesses with commercial real estate financing, equipment lending, cash management and other specialized banking services.

Old National traces its roots to the 19th century and has expanded through organic growth and acquisitions.