CNB Financial Co. (NASDAQ:CCNEP) Sees Large Decrease in Short Interest

CNB Financial Co. (NASDAQ:CCNEP) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 100 shares, a decline of 87.5% from the August 15th total of 800 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is presently 0.0 days.

CNB Financial Stock Performance

Shares of NASDAQ CCNEP traded down $0.23 during midday trading on Wednesday, hitting $22.25. 2,265 shares of the company’s stock were exchanged, compared to its average volume of 4,182. CNB Financial has a 12 month low of $17.00 and a 12 month high of $27.97. The company’s 50 day moving average price is $22.13 and its 200 day moving average price is $21.92.

CNB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were issued a dividend of $0.4453 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.78 annualized dividend and a yield of 8.01%.

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.