Huntington Bancshares Incorporated (NASDAQ:HBANM) Sees Significant Decrease in Short Interest
by Amy Steele · The Cerbat GemHuntington Bancshares Incorporated (NASDAQ:HBANM – Get Free Report) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 3,739 shares, a decrease of 33.9% from the January 29th total of 5,655 shares. Based on an average trading volume of 10,824 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 10,824 shares, the days-to-cover ratio is presently 0.3 days.
Huntington Bancshares Price Performance
HBANM stock traded up $0.09 during trading on Tuesday, reaching $23.16. 6,814 shares of the company were exchanged, compared to its average volume of 12,093. The company has a 50-day moving average of $22.64 and a two-hundred day moving average of $22.84. Huntington Bancshares has a twelve month low of $21.38 and a twelve month high of $24.04.
Huntington Bancshares Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th were issued a $0.3563 dividend. This represents a $1.43 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Friday, February 13th.
About Huntington Bancshares
Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, the company operates through its principal banking subsidiary, The Huntington National Bank, offering a comprehensive suite of financial services to individuals, small businesses, and larger corporate clients. Huntington is publicly traded on the NASDAQ under the symbol HBANM.
The company’s core business activities include commercial lending, consumer banking, and treasury management services.