Short Interest in Fifth Third Bancorp (NASDAQ:FITBI) Declines By 42.9%

Fifth Third Bancorp (NASDAQ:FITBI) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 11,600 shares, a decline of 42.9% from the January 31st total of 20,300 shares. Based on an average daily trading volume, of 33,300 shares, the short-interest ratio is presently 0.3 days.

Fifth Third Bancorp Trading Up 0.8 %

FITBI traded up $0.21 during trading on Friday, hitting $26.13. 27,972 shares of the stock were exchanged, compared to its average volume of 22,979. Fifth Third Bancorp has a 1-year low of $25.12 and a 1-year high of $26.25. The stock has a fifty day moving average price of $25.82 and a two-hundred day moving average price of $25.75.

Fifth Third Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were issued a $0.5479 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date was Friday, December 27th.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.