Short Interest in Huntington Bancshares Incorporated (NASDAQ:HBANP) Drops By 46.2%

Huntington Bancshares Incorporated (NASDAQ:HBANP) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 30,218 shares, a drop of 46.2% from the June 30th total of 56,156 shares. Based on an average trading volume of 61,161 shares, the short-interest ratio is currently 0.5 days.

Huntington Bancshares Trading Up 0.5%

Shares of NASDAQ HBANP traded up $0.08 during mid-day trading on Thursday, reaching $16.19. The company had a trading volume of 46,505 shares, compared to its average volume of 53,556. The firm has a 50 day simple moving average of $16.28 and a two-hundred day simple moving average of $16.99. Huntington Bancshares has a 52-week low of $16.00 and a 52-week high of $18.90.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.2813 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.12 annualized dividend and a yield of 6.9%.

Huntington Bancshares Company Profile

Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. Established in 1866 as The Huntington National Bank, the organization has grown through both organic expansion and strategic acquisitions to become one of the leading financial institutions in the U.S. Midwest. It operates as the parent company of Huntington National Bank, offering a broad range of banking and financial services to individual and institutional clients.

The company’s core business activities span consumer banking, commercial banking, and wealth management.