Huntington Bancshares Incorporated (NASDAQ:HBANM) Sees Significant Decline in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANM) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 5,655 shares, a drop of 31.2% from the January 15th total of 8,218 shares. Based on an average daily volume of 10,877 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 10,877 shares, the days-to-cover ratio is currently 0.5 days.

Huntington Bancshares Price Performance

HBANM traded down $0.01 during midday trading on Friday, hitting $22.97. 10,222 shares of the company’s stock traded hands, compared to its average volume of 13,064. Huntington Bancshares has a one year low of $21.38 and a one year high of $24.04. The stock’s fifty day simple moving average is $22.43 and its 200-day simple moving average is $22.84.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th will be given a dividend of $0.3563 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.43 dividend on an annualized basis and a yield of 6.2%.

Wall Street Analyst Weigh In

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

About Huntington Bancshares

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.