Huntington Bancshares Incorporated (NASDAQ:HBANP) Sees Significant Drop in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANP) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 17,500 shares, a drop of 75.1% from the December 31st total of 70,300 shares. Based on an average trading volume of 59,800 shares, the days-to-cover ratio is presently 0.3 days.

Huntington Bancshares Price Performance

Shares of NASDAQ HBANP traded up $0.27 during mid-day trading on Thursday, reaching $18.31. The company’s stock had a trading volume of 30,270 shares, compared to its average volume of 56,650. The stock has a 50-day moving average of $18.33 and a two-hundred day moving average of $18.99. Huntington Bancshares has a 1-year low of $17.05 and a 1-year high of $20.74.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.2813 per share. This represents a $1.13 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Tuesday, April 1st.

About Huntington Bancshares

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.