Valley National Bancorp

VLY

Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Wayne, New Jersey with approximately $42 billion in assets. Its principal subsidiary, Valley National Bank (doing business as Valley Bank), currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, Florida, and Alabama. Valley Bank holds approximately $29 billion in assets. Valley Bank is one of the largest commercial banks headquartered in New Jersey.

Valley National Bancorp has been a target of short sellers for a while. The current short interest of 7.77% is roughly at the average of the last 12 months (5.97%).