Short Interest in CNB Financial Co. (NASDAQ:CCNEP) Grows By 42.9%

CNB Financial Co. (NASDAQ:CCNEP) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,000 shares, a growth of 42.9% from the October 15th total of 700 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 0.4 days.

CNB Financial Stock Up 0.9 %

Shares of NASDAQ:CCNEP traded up $0.22 during midday trading on Thursday, reaching $25.30. The company’s stock had a trading volume of 9,311 shares, compared to its average volume of 2,614. CNB Financial has a fifty-two week low of $20.52 and a fifty-two week high of $25.60. The firm has a 50 day moving average price of $24.64 and a two-hundred day moving average price of $23.45.

CNB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.4453 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.78 annualized dividend and a dividend yield of 7.04%.

About CNB Financial

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services.