CNB Financial Co. (NASDAQ:CCNEP) Short Interest Update

CNB Financial Co. (NASDAQ:CCNEP) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 200 shares, an increase of 100.0% from the May 31st total of 100 shares. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is currently 0.1 days.

CNB Financial Price Performance

Shares of NASDAQ CCNEP opened at $22.76 on Friday. The business has a 50-day simple moving average of $22.72 and a two-hundred day simple moving average of $22.64. CNB Financial has a fifty-two week low of $18.42 and a fifty-two week high of $24.45.

CNB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.4453 dividend. This represents a $1.78 annualized dividend and a yield of 7.83%. The ex-dividend date was Thursday, May 16th. This is an increase from CNB Financial’s previous quarterly dividend of $0.45.

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.