Fulton Financial Co. (NASDAQ:FULTP) Sees Significant Growth in Short Interest

Fulton Financial Co. (NASDAQ:FULTP) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 9,000 shares, a growth of 100.0% from the September 15th total of 4,500 shares. Based on an average daily volume of 15,200 shares, the short-interest ratio is presently 0.6 days.

Fulton Financial Price Performance

FULTP traded up $0.26 during trading on Friday, reaching $19.76. 13,076 shares of the company’s stock were exchanged, compared to its average volume of 15,274. The company’s fifty day moving average price is $18.87 and its 200-day moving average price is $18.56. Fulton Financial has a fifty-two week low of $14.56 and a fifty-two week high of $20.28.

Fulton Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.3203 dividend. This represents a $1.28 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend is Monday, September 30th.

Hedge Funds Weigh In On Fulton Financial

A hedge fund recently bought a new stake in Fulton Financial stock. PNC Financial Services Group Inc. purchased a new stake in Fulton Financial Co. (NASDAQ:FULTP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,500 shares of the company’s stock, valued at approximately $42,000.

About Fulton Financial

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.