CNB Financial Co. (NASDAQ:CCNEP) Sees Significant Growth in Short Interest

CNB Financial Co. (NASDAQ:CCNEP) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 1,100 shares, an increase of 120.0% from the January 31st total of 500 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is presently 0.6 days.

CNB Financial Stock Performance

Shares of CNB Financial stock opened at $24.45 on Friday. The company has a fifty day simple moving average of $24.88 and a 200-day simple moving average of $24.65. CNB Financial has a 12-month low of $21.00 and a 12-month high of $25.75.

CNB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.4453 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.29%.

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.