Huntington Bancshares Incorporated (NASDAQ:HBANL) Sees Significant Growth in Short Interest

Posted by Micah Haroldson on Sep 17th, 2024

Huntington Bancshares Incorporated (NASDAQ:HBANL – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 46,700 shares, an increase of 7.1% from the August 15th total of 43,600 shares. Based on an average daily volume of 20,500 shares, the short-interest ratio is presently 2.3 days.

Huntington Bancshares Stock Down 0.1 %

HBANL stock opened at $25.75 on Tuesday. The business’s 50-day moving average is $25.20 and its two-hundred day moving average is $24.92. Huntington Bancshares has a 1 year low of $20.77 and a 1 year high of $25.84.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.4298 per share. This represents a $1.72 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend is Tuesday, October 1st.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBANL – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $25,000.

Huntington Bancshares Company Profile

(Get Free Report)

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.