Fifth Third Bancorp (NASDAQ:FITBO) Sees Large Increase in Short Interest

Fifth Third Bancorp (NASDAQ:FITBO) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 10,459 shares, an increase of 50.9% from the December 31st total of 6,930 shares. Based on an average daily trading volume, of 36,559 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 36,559 shares, the days-to-cover ratio is currently 0.3 days.

Fifth Third Bancorp Price Performance

Shares of NASDAQ FITBO traded down $0.10 during midday trading on Friday, hitting $19.87. 58,044 shares of the company’s stock traded hands, compared to its average volume of 35,577. Fifth Third Bancorp has a 1 year low of $19.19 and a 1 year high of $23.16. The firm has a fifty day moving average of $19.66 and a 200 day moving average of $20.19.

Fifth Third Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were issued a dividend of $0.3094 per share. This represents a $1.24 annualized dividend and a yield of 6.2%. The ex-dividend date was Monday, December 29th.

About Fifth Third Bancorp

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. Through its principal subsidiary, Fifth Third Bank, the company offers a range of retail and commercial banking services across a multi-state footprint in the Midwest and Southeast. With a network of branches, ATMs and digital channels, Fifth Third serves individual consumers, small businesses and large corporations.

The company’s retail banking operations provide deposit accounts, credit and debit card services, residential mortgages, home equity lines of credit and auto financing.