Zions Bancorporation, National Association (NASDAQ:ZIONP) Sees Large Drop in Short Interest

Zions Bancorporation, National Association (NASDAQ:ZIONP) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 305 shares, a decrease of 72.7% from the May 31st total of 1,116 shares. Based on an average daily volume of 3,233 shares, the days-to-cover ratio is presently 0.1 days.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZIONP opened at $18.34 on Friday. Zions Bancorporation, National Association has a 52-week low of $18.35 and a 52-week high of $24.35. The stock’s 50 day moving average price is $18.97 and its 200 day moving average price is $19.48.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.3204 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 7.0%. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, June 1st.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association is the principal banking subsidiary of Zions Bancorporation, Inc, a financial services organization headquartered in Salt Lake City, Utah. Chartered in 1873, the bank has grown through strategic acquisitions and an expanded branch network to serve a diverse customer base. As a nationally chartered institution regulated by the Office of the Comptroller of the Currency and the FDIC, Zions National Association plays a central role in delivering banking and financial services to individuals, businesses and government entities.

The bank’s core offerings encompass commercial and retail banking, including deposit accounts, lending solutions and treasury management services.