Fulton Financial Co. (NASDAQ:FULTP) Stock Short Interest Drops 39.1%

Fulton Financial Co. (NASDAQ:FULTP) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 2,068 shares, a decrease of 39.1% from the September 15th total of 3,396 shares. Based on an average daily volume of 11,185 shares, the short-interest ratio is presently 0.2 days.

Fulton Financial Price Performance

Shares of NASDAQ FULTP traded down $0.31 during midday trading on Friday, reaching $16.32. 10,778 shares of the stock were exchanged, compared to its average volume of 11,781. The firm has a 50-day simple moving average of $17.50 and a two-hundred day simple moving average of $18.01. Fulton Financial has a twelve month low of $15.91 and a twelve month high of $19.99.

Fulton Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.3202 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.28 dividend on an annualized basis and a yield of 7.8%.

Fulton Financial Company Profile

Fulton Financial Corporation is a regional financial services company headquartered in Lancaster, Pennsylvania. Through its principal subsidiary, Fulton Bank, the company provides banking and related financial services to individuals, families, businesses and institutions.

Its offerings include personal and business deposit accounts, residential and commercial lending, mortgages, credit cards, treasury management, cash management and online banking. Fulton also provides wealth management, investment and trust services, insurance solutions and other advisory services through specialized business units.

Fulton Financial serves customers across the Mid-Atlantic region, including communities in Pennsylvania, New Jersey, Maryland, Delaware and Virginia.