Short Interest in ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) Rises By 60.9%

ConnectOne Bancorp, Inc. (NASDAQ:CNOBP) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,700 shares, an increase of 60.9% from the April 30th total of 2,300 shares. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is currently 0.4 days.

ConnectOne Bancorp Stock Performance

Shares of CNOBP opened at $22.67 on Monday. The business has a 50-day moving average of $22.19 and a 200-day moving average of $22.50. ConnectOne Bancorp has a 1 year low of $19.91 and a 1 year high of $23.42.

ConnectOne Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a $0.3281 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.31 annualized dividend and a yield of 5.79%.

About ConnectOne Bancorp

ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking.