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

Fulton Financial Co. (NASDAQ:FULTP) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 4,200 shares, an increase of 82.6% from the May 15th total of 2,300 shares. Based on an average daily volume of 8,400 shares, the short-interest ratio is presently 0.5 days.

Fulton Financial Price Performance

Shares of FULTP stock traded down $0.20 during trading hours on Monday, hitting $17.65. The stock had a trading volume of 4,270 shares, compared to its average volume of 11,984. Fulton Financial has a twelve month low of $17.25 and a twelve month high of $21.22. The stock’s 50 day moving average is $18.46 and its 200 day moving average is $19.48.

Fulton Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.3203 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date of this dividend was Monday, March 31st.

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.