Huntington Bancshares Incorporated (NASDAQ:HBANL) Shares Shorted: Short Interest Down 51.1% in October

Huntington Bancshares Incorporated (NASDAQ:HBANL) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 36,298 shares, a decrease of 51.1% from the September 30th total of 74,243 shares. Based on an average daily trading volume, of 30,514 shares, the short-interest ratio is presently 1.2 days.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBANL traded down $0.12 during mid-day trading on Friday, hitting $24.56. 36,681 shares of the stock were exchanged, compared to its average volume of 22,326. Huntington Bancshares has a twelve month low of $24.31 and a twelve month high of $25.98. The stock’s fifty day simple moving average is $24.96 and its two-hundred day simple moving average is $25.18.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Friday, January 1st will be given a $0.4298 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Thursday, December 31st.

Hedge Funds Weigh In On Huntington Bancshares

A hedge fund recently bought a new position in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBANL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $25,000.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional financial holding company headquartered in Columbus, Ohio. Through its principal subsidiary, The Huntington National Bank, the company provides banking and financial services to consumers, businesses, institutions and government entities.

Huntington’s offerings include consumer checking and savings accounts, residential and auto lending, credit cards, personal loans, commercial and industrial loans, commercial real estate financing, treasury management and cash-management services.