Huntington Bancshares Incorporated (NASDAQ:HBANP) Sees Large Decrease in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANP) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 33,459 shares, a drop of 16.2% from the February 26th total of 39,946 shares. Based on an average trading volume of 31,715 shares, the days-to-cover ratio is presently 1.1 days.

Huntington Bancshares Stock Performance

NASDAQ:HBANP traded up $0.01 during trading hours on Tuesday, reaching $17.04. 277,367 shares of the company were exchanged, compared to its average volume of 49,458. Huntington Bancshares has a twelve month low of $16.22 and a twelve month high of $18.90. The stock’s 50-day moving average is $17.62 and its 200-day moving average is $17.76.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be given a dividend of $0.2813 per share. This represents a $1.13 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Wednesday, April 1st.

About Huntington Bancshares

Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. Established in 1866 as The Huntington National Bank, the organization has grown through both organic expansion and strategic acquisitions to become one of the leading financial institutions in the U.S. Midwest. It operates as the parent company of Huntington National Bank, offering a broad range of banking and financial services to individual and institutional clients.

The company’s core business activities span consumer banking, commercial banking, and wealth management.