Fifth Third Bancorp (NASDAQ:FITBP) Sees Significant Growth in Short Interest

Fifth Third Bancorp (NASDAQ:FITBP) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 15,374 shares, an increase of 49.6% from the February 26th total of 10,275 shares. Based on an average daily volume of 13,221 shares, the short-interest ratio is presently 1.2 days.

Fifth Third Bancorp Trading Down 1.4%

Shares of Fifth Third Bancorp stock traded down $0.33 during midday trading on Friday, hitting $23.60. 5,924 shares of the company traded hands, compared to its average volume of 11,507. The firm’s fifty day moving average price is $24.40 and its 200-day moving average price is $24.65. Fifth Third Bancorp has a 12 month low of $23.04 and a 12 month high of $25.50.

Fifth Third Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 27th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, March 27th.

About Fifth Third Bancorp

Fifth Third Bancorp (NASDAQ:FITBP) is a diversified financial services company headquartered in Cincinnati, Ohio, operating through its banking subsidiary, Fifth Third Bank. The company provides a broad array of banking, lending, and wealth management services to individuals, small businesses, middle-market companies and large corporations. Its core offerings include deposit products, home and auto financing, credit cards, and treasury management solutions, complemented by insurance, investment advisory and trust services.

Founded in 1858 with the merger of Third National Bank and Fifth National Bank, Fifth Third has grown through strategic acquisitions and organic expansion to serve customers across a multi-state footprint in the Midwest and Southeast.