Huntington Bancshares Incorporated (NASDAQ:HBANM) Short Interest Update

Huntington Bancshares Incorporated (NASDAQ:HBANM) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 41,680 shares, a growth of 407.1% from the December 15th total of 8,219 shares. Based on an average daily trading volume, of 31,454 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 31,454 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, October 28th.

Huntington Bancshares Stock Down 0.6%

HBANM traded down $0.13 during midday trading on Tuesday, reaching $22.44. 15,581 shares of the company’s stock were exchanged, compared to its average volume of 15,745. The business has a 50-day simple moving average of $22.39 and a two-hundred day simple moving average of $22.79. Huntington Bancshares has a one year low of $21.38 and a one year high of $24.04.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Sunday, February 15th will be paid a $0.3563 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.43 annualized dividend and a yield of 6.4%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, the company operates through its principal banking subsidiary, The Huntington National Bank, offering a comprehensive suite of financial services to individuals, small businesses, and larger corporate clients. Huntington is publicly traded on the NASDAQ under the symbol HBANM.

The company’s core business activities include commercial lending, consumer banking, and treasury management services.