Short Interest Update on Old National Bancorp (ONB)

Old National Bancorp (ONB) : The bears are holding on to their shorts in Accenture Plc with 9 more days remaining for them to cover their positions. The bearish positions have increased from 6,907,466 on Jul 29, 2016, to 7,086,778, on August 15, 2016. Daily, 814,476 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 179,312 shares, which is an increase of just 2.6%. The total short interest of 6.3% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Old National Bancorp (NASDAQ:ONB): The stock opened at $13.88 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.95 for the day. The stock traded down to $13.77 during the day, due to lack of any buying support eventually closed down at $13.84 with a loss of -0.29% for the day. The stock had closed at $13.88 on the previous day. The total traded volume was 824,119 shares.


In a related news, The Securities and Exchange Commission has divulged that Moore Daryl D, officer (EXECUTIVE VICE PRES AND CCO) of Old National Bancorp /In/, had unloaded 33,442 shares at an average price of $13.8 in a transaction dated on August 18, 2016. The total value of the transaction was worth $461,500.

Old National Bancorp (Old National) is a financial holding company. The Company through its wholly owned banking subsidiary provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory, and other traditional banking services. Through its non-bank affiliates, it provides insurance brokerage services and other financial services. It operates in two segments: banking, which consists of lending and depository activities along with cash management, private banking, brokerage, trust and investment advisory services, and insurance, which offers full-service insurance brokerage services, including commercial property and casualty, surety, loss control services, employee benefits consulting and administration, and personal insurance. Old National Bank provides a range of services, including commercial and consumer loan and depository services, lease financing and other traditional banking services.

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