Huntington Bancshares Incorporated (NASDAQ:HBANL) Short Interest Up 603.2% in August

Posted by Don Miller on Aug 27th, 2024

Huntington Bancshares Incorporated (NASDAQ:HBANL – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 43,600 shares, an increase of 603.2% from the July 31st total of 6,200 shares. Based on an average daily trading volume, of 21,400 shares, the short-interest ratio is currently 2.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBANL – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $25,000.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBANL traded down $0.09 during midday trading on Tuesday, hitting $25.44. 7,793 shares of the company’s stock were exchanged, compared to its average volume of 27,688. The stock’s 50 day moving average price is $24.98 and its 200-day moving average price is $24.84. Huntington Bancshares has a twelve month low of $20.77 and a twelve month high of $25.67.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a $0.4298 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.72 annualized dividend and a dividend yield of 6.76%.

About Huntington Bancshares

(Get Free Report)

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.