First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Sees Significant Growth in Short Interest

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 3,463 shares, an increase of 114.6% from the November 30th total of 1,614 shares. Based on an average daily volume of 2,345 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 2,345 shares, the short-interest ratio is presently 1.5 days.

First Internet Bancorp – Fixed- Trading Up 0.0%

Shares of First Internet Bancorp – Fixed- stock opened at $24.75 on Monday. The stock has a 50 day moving average price of $24.61 and a 200-day moving average price of $24.68. First Internet Bancorp – Fixed- has a one year low of $23.00 and a one year high of $25.49.

First Internet Bancorp – Fixed- Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Saturday, November 15th will be paid a dividend of $0.5236 per share. This represents a $2.09 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Friday, November 14th.

First Internet Bancorp – Fixed- Company Profile

First Internet Bancorp is a bank holding company whose primary subsidiary, First Internet Bank of Indiana, operates as a fully digital, branchless bank. Founded in 1999 and headquartered in Fishers, Indiana, the company was among the first to deliver comprehensive banking services exclusively online. It is traded on the NASDAQ under the symbol INBKZ.

The company offers a broad range of deposit products, including interest-bearing checking and savings accounts, money market accounts, certificates of deposit, and individual retirement accounts.