Fifth Third Bancorp (NASDAQ:FITBI) Sees Large Increase in Short Interest
by Amy Steele · The Cerbat GemFifth Third Bancorp (NASDAQ:FITBI – Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 18,220 shares, an increase of 25.8% from the March 15th total of 14,480 shares. Based on an average trading volume of 43,386 shares, the short-interest ratio is currently 0.4 days.
Fifth Third Bancorp Stock Up 0.0%
Fifth Third Bancorp stock traded up $0.01 during trading hours on Friday, hitting $25.33. 55,931 shares of the stock traded hands, compared to its average volume of 36,448. The firm’s 50 day moving average price is $25.58 and its 200-day moving average price is $25.63. Fifth Third Bancorp has a 1 year low of $25.05 and a 1 year high of $25.99.
Fifth Third Bancorp Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were given a $0.4777 dividend. The ex-dividend date was Friday, March 27th. This represents a $1.91 dividend on an annualized basis and a yield of 7.5%.
About Fifth Third Bancorp
Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. As the parent company of Fifth Third Bank, it offers a wide array of banking and financial products to individuals, small businesses, corporations and governmental entities. Fifth Third Bancorp’s core mission is to provide deposit, lending and wealth management solutions that cater to the evolving needs of its customers.
The company’s principal offerings include consumer and commercial banking services such as checking and savings accounts, home mortgages, credit cards, and installment loans.