Short Interest in Fifth Third Bancorp (NASDAQ:FITBI) Declines By 32.7%

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 11,363 shares, a decrease of 32.7% from the December 15th total of 16,893 shares. Based on an average daily volume of 33,201 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 33,201 shares, the days-to-cover ratio is currently 0.3 days.

Fifth Third Bancorp Price Performance

FITBI traded down $0.03 on Friday, hitting $25.59. The company had a trading volume of 24,234 shares, compared to its average volume of 31,567. The stock has a fifty day moving average price of $25.70 and a 200-day moving average price of $25.62. Fifth Third Bancorp has a 12-month low of $24.75 and a 12-month high of $26.25.

Fifth Third Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were paid a dividend of $0.5095 per share. This represents a $2.04 annualized dividend and a yield of 8.0%. The ex-dividend date was Monday, December 29th.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. As the parent company of Fifth Third Bank, it offers a wide array of banking and financial products to individuals, small businesses, corporations and governmental entities. Fifth Third Bancorp’s core mission is to provide deposit, lending and wealth management solutions that cater to the evolving needs of its customers.

The company’s principal offerings include consumer and commercial banking services such as checking and savings accounts, home mortgages, credit cards, and installment loans.