QNB Corp. (OTCMKTS:QNBC) Short Interest Up 2,800.0% in September

Key Points

• QNB Corp. (OTCMKTS:QNBC) experienced a dramatic increase in short interest of 2,800% in September, rising from 100 shares to 2,900 shares.
• The company recently declared a quarterly dividend of $0.38 per share, yielding an annualized rate of 4.3% and maintaining a payout ratio of 43.80%.
• QNB reported quarterly earnings of $1.04 EPS and revenue of $14.30 million, with a return on equity of 11.95%.

QNB Corp. (OTCMKTS:QNBC - Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,900 shares, an increase of 2,800.0% from the September 15th total of 100 shares. Based on an average trading volume of 10,400 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 10,400 shares, the days-to-cover ratio is presently 0.3 days.

QNB Stock Performance

QNBC traded down $0.39 on Thursday, reaching $35.00. 1,740 shares of the stock were exchanged, compared to its average volume of 2,359. The company's 50-day moving average price is $35.37 and its 200 day moving average price is $34.76. QNB has a fifty-two week low of $29.50 and a fifty-two week high of $36.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $130.55 million, a PE ratio of 10.09 and a beta of 0.49.

QNB (OTCMKTS:QNBC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $1.04 EPS for the quarter. QNB had a return on equity of 11.95% and a net margin of 13.34%.The company had revenue of $14.30 million during the quarter.

QNB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.3%. QNB's dividend payout ratio is currently 43.80%.

About QNB

QNB Corp. operates as the bank holding company for QNB Bank that engages in the provision of commercial and retail banking products, and retail brokerage services. It offers various deposit products, which include demand and savings accounts, such as money market, interest-bearing demand, club, traditional statement savings, and online savings accounts; and time deposits comprising certificates of deposit and individual retirement accounts.

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