Old National Bancorp (NASDAQ:ONB) experienced a 13.8% decrease in short interest as of January 30th, totaling 17,433,745 shares. This represents 4.5% of the stock and a short-interest ratio of 5.1 days. Despite an insider selling a significant portion of their shares, institutional investors have increased their holdings, and analysts maintain a “Moderate Buy” rating with an average target price of $27.36.
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Short Interest in Old National Bancorp (NASDAQ:ONB) Decreases By 13.8%
Old National Bancorp (NASDAQ:ONB) experienced a 13.8% decrease in short interest as of January 30th, totaling 17,433,745 shares. This represents 4.5% of the stock and a short-interest ratio of 5.1 days. Despite an insider selling a significant portion of their shares, institutional investors have increased their holdings, and analysts maintain a “Moderate Buy” rating with an average target price of $27.36.