Days-to-cover ratio for CNOB declines to 6.45 due to decline in short interest

Anna Perez

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ConnectOne Bancorp Inc shares valued at $43,282 were sold by Javitz Joseph T. on Sep 03 ’25. At $25.46 per share, Javitz Joseph T. sold 1,700 shares. The insider’s holdings dropped to 21,146 shares worth approximately $0.58 million following the completion of this transaction.

Also, Boswell Stephen T. purchased 6,200 shares, netting a total of over 137,857 in proceeds. Following the buying of shares at $22.23 each, the insider now holds 280,467 shares.

Before that, Boswell Stephen T. had added 1,500 shares to its account. In a trade valued at $33,375, the Director bought ConnectOne Bancorp Inc shares for $22.25 each. Upon closing the transaction, the insider’s holdings increased to 1,500 shares, worth approximately $2.12 million.

Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late April. As of March 26, 2025, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for CNOB. Earlier on May 31, 2024, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for CNOB stock which previously was a “an Outperform”.

Analyzing CNOB Stock Performance

On last trading session, ConnectOne Bancorp Inc [NASDAQ: CNOB] rose 2.40% to $27.32. The stock’s lowest price that day was $26.145, but it reached a high of $27.73 in the same session. During the last five days, there has been a surge of approximately 3.88%. Over the course of the year, ConnectOne Bancorp Inc shares have jumped approximately 0.96%. Shares of the company reached a 52-week high of $27.77 on 02/11/25 and a 52-week low of $20.61 on 04/11/25.

Support And Resistance Levels for ConnectOne Bancorp Inc (CNOB)

According to the 24-hour chart, there is a support level at 26.40, which, if violated, would cause prices to drop to 25.48. In the upper region, resistance lies at 27.98. The next price resistance is at 28.65. RSI (Relative Strength Index) is 71.64 on the 14-day chart, showing overbought technical sentiment.

Is ConnectOne Bancorp Inc subject to short interest?

Stocks of ConnectOne Bancorp Inc saw a sharp steep in short interest on 2025-11-28 dropping by -0.28 million shares to 1.73 million. Data from Yahoo Finance shows that the short interest on 2025-10-31 was 2.0 million shares. A decline of -16.0% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.45 of the overall float, the days-to-cover ratio (short ratio) decline to 6.45.

Which companies own the most shares of ConnectOne Bancorp Inc (CNOB)?

In terms of ConnectOne Bancorp Inc share price expectations, FactSet research, analysts set an average price target of 26 in the next 12 months, down nearly -2.55% from the previous closing price of $26.68. Analysts anticipate ConnectOne Bancorp Inc stock to reach 32 by 2025, with the lowest price target being 25. In spite of this, 2 analysts ranked ConnectOne Bancorp Inc stock as Strong Buy at the end of 2025. On October 06, 2023, Hovde Group assigned a price target of “an Outperform” to the stock and initiated coverage with a $21.

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