Huntington Bancshares Incorporated (NASDAQ:HBANL) Shares Shorted: Short Interest Up 59.1% in September

Huntington Bancshares Incorporated (NASDAQ:HBANL) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 74,243 shares, a growth of 59.1% from the September 15th total of 46,667 shares. Based on an average daily volume of 29,600 shares, the days-to-cover ratio is presently 2.5 days.

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. acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBANL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,000 shares of the company’s stock, valued at approximately $25,000.

Huntington Bancshares Stock Down 0.8%

Shares of HBANL traded down $0.20 during trading hours on Friday, reaching $24.62. 50,931 shares of the stock traded hands, compared to its average volume of 22,067. Huntington Bancshares has a 52 week low of $24.31 and a 52 week high of $25.98. The stock has a fifty day simple moving average of $25.06 and a 200 day simple moving average of $25.12.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.4298 per share. This represents a $1.72 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Thursday, October 1st.

About Huntington Bancshares

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.