Short Interest in CNB Financial Co. (NASDAQ:CCNEP) Declines By 61.1%

CNB Financial Co. (NASDAQ:CCNEP) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 700 shares, a drop of 61.1% from the September 30th total of 1,800 shares. Based on an average daily volume of 2,900 shares, the days-to-cover ratio is currently 0.2 days.

CNB Financial Trading Down 0.6 %

Shares of NASDAQ:CCNEP traded down $0.14 during trading hours on Monday, hitting $24.86. The company’s stock had a trading volume of 212 shares, compared to its average volume of 2,620. The firm’s fifty day moving average price is $24.32 and its 200 day moving average price is $23.31. CNB Financial has a 52 week low of $18.42 and a 52 week high of $25.60.

CNB Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.4453 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.17%.

CNB Financial Company Profile

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.