Fifth Third Bancorp (NASDAQ:FITBI) Sees Large Increase in Short Interest

Fifth Third Bancorp (NASDAQ:FITBI) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 20,300 shares, an increase of 18.0% from the January 15th total of 17,200 shares. Based on an average daily volume of 34,500 shares, the days-to-cover ratio is presently 0.6 days.

Fifth Third Bancorp Stock Performance

Shares of FITBI traded up $0.06 during trading hours on Friday, reaching $26.25. 11,888 shares of the company’s stock traded hands, compared to its average volume of 24,670. The firm’s 50 day simple moving average is $25.75 and its 200-day simple moving average is $25.72. Fifth Third Bancorp has a 12 month low of $25.12 and a 12 month high of $26.25.

Fifth Third Bancorp Cuts Dividend

The company also recently disclosed 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 8.35%. 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.