United Community Banks, Inc. (NASDAQ:UCBIO) Short Interest Up 79.2% in May

United Community Banks, Inc. (NASDAQ:UCBIOGet Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 8,600 shares, a growth of 79.2% from the April 30th total of 4,800 shares. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is currently 1.9 days.

United Community Banks Price Performance

NASDAQ:UCBIO traded up $0.33 during midday trading on Thursday, hitting $24.19. The company’s stock had a trading volume of 3,943 shares, compared to its average volume of 6,406. United Community Banks has a fifty-two week low of $18.38 and a fifty-two week high of $24.89. The firm’s 50 day moving average is $23.60 and its 200-day moving average is $23.46.

United Community Banks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 31st will be issued a $0.4297 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.72 annualized dividend and a yield of 7.11%.

About United Community Banks

(Get Free Report)

United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.

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