Short Interest in Huntington Bancshares Incorporated (NASDAQ:HBANM) Drops By 80.3%

Huntington Bancshares Incorporated (NASDAQ:HBANM) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 8,218 shares, a drop of 80.3% from the December 31st total of 41,680 shares. Based on an average daily trading volume, of 15,857 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 15,857 shares, the days-to-cover ratio is presently 0.5 days.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock traded up $0.06 during trading on Thursday, hitting $22.71. 2,253 shares of the stock were exchanged, compared to its average volume of 14,161. The firm’s 50-day moving average price is $22.32 and its 200 day moving average price is $22.80. Huntington Bancshares has a 12-month low of $21.38 and a 12-month high of $24.04.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th will be paid a $0.3563 dividend. This represents a $1.43 annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, February 13th.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, October 28th.

Huntington Bancshares Company Profile

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.