Fifth Third Bancorp (NASDAQ:FITBI) Sees Significant Increase in Short Interest

Fifth Third Bancorp (NASDAQ:FITBI) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 20,400 shares, an increase of 50.0% from the November 30th total of 13,600 shares. Based on an average daily trading volume, of 32,800 shares, the short-interest ratio is currently 0.6 days.

Fifth Third Bancorp Stock Performance

Shares of FITBI stock traded down $0.52 on Friday, reaching $25.39. The stock had a trading volume of 72,488 shares, compared to its average volume of 30,487. Fifth Third Bancorp has a 1 year low of $25.04 and a 1 year high of $26.25. The company has a 50 day simple moving average of $25.68 and a 200 day simple moving average of $25.75.

Fifth Third Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th will be paid a $0.5479 dividend. This represents a $2.19 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend is Friday, December 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.