CNB Financial Co. (NASDAQ:CCNEP) Short Interest Up 145.8% in November

CNB Financial Co. (NASDAQ:CCNEP) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 5,900 shares, a growth of 145.8% from the November 15th total of 2,400 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is presently 2.7 days.

CNB Financial Price Performance

Shares of CCNEP stock remained flat at $25.03 during trading hours on Wednesday. CNB Financial has a 52 week low of $20.52 and a 52 week high of $25.60. The stock has a 50-day simple moving average of $24.89 and a 200-day simple moving average of $23.79.

CNB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.4453 per share. This represents a $1.78 annualized dividend and a dividend yield of 7.12%. The ex-dividend date was Friday, November 15th.

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.