Fifth Third Bancorp (NASDAQ:FITBO) Sees Large Increase in Short Interest

Fifth Third Bancorp (NASDAQ:FITBO) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 9,800 shares, an increase of 157.9% from the July 15th total of 3,800 shares. Based on an average trading volume of 29,300 shares, the days-to-cover ratio is currently 0.3 days.

Fifth Third Bancorp Stock Up 0.9 %

FITBO traded up $0.18 during midday trading on Tuesday, hitting $20.56. 16,397 shares of the company were exchanged, compared to its average volume of 20,066. Fifth Third Bancorp has a 1-year low of $17.58 and a 1-year high of $23.99. The firm’s 50 day moving average price is $20.31 and its 200-day moving average price is $21.77.

Fifth Third Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 27th were issued a dividend of $0.3094 per share. This represents a $1.24 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend was Thursday, June 27th.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.