Valley National Bancorp June 15th Short Interest Update

Valley National Bancorp (NYSE:VLY), A rise of 1,164,348 shares or 6.4% was seen in the short interest of Valley National Bancorp. Even as the interest increased from 18,070,102 shares on May 31,2016 to 19,234,450 shares on June 15,2016, the days to cover came in at 13. The updated interest stood at 7.9% of the stocks floats. The stock has seen an average daily volume of 1,474,990 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Valley National Bancorp (NYSE:VLY): The stock opened at $8.83 on Friday but the bulls could not build on the opening and the stock topped out at $9.05 for the day. The stock traded down to $8.74 during the day, due to lack of any buying support eventually closed down at $8.84 with a loss of -6.26% for the day. The stock had closed at $9.43 on the previous day. The total traded volume was 4,953,634 shares.

The company shares have dropped -13.33% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $11.24 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $9.23 and the 200 Day Moving Average price is recorded at $9.33.

Valley National Bancorp (NYSE:VLY) has tumbled 1.67% during the past week and has dropped 7.34% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.04%. Valley National Bancorp (NYSE:VLY) has underperformed the index by 4.53% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Valley National Bancorp (Valley) is a bank holding company. The Company operates through its subsidiary, Valley National Bank (Bank). The Bank operates in four segments: commercial lending, consumer lending, investment management, and corporate and other adjustments. Its Wealth Management Division is consisted of trust, asset management and insurance services. It provides a range of commercial, retail, insurance and wealth management financial services products. It provides various banking services, including automated teller machines, telephone and Internet banking, remote deposit capture and deposit facilities. It also provides international banking services to customers, including letters of credit, documentary letters of credit and related products. It operates approximately 211 branch locations, serving over 24 counties throughout northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island and Florida.

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