Short Interest in Fifth Third Bancorp (NASDAQ:FITBP) Rises By 69.2%

Fifth Third Bancorp (NASDAQ:FITBP) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 20,310 shares, an increase of 69.2% from the April 30th total of 12,001 shares. Based on an average daily trading volume, of 9,995 shares, the short-interest ratio is currently 2.0 days.

Fifth Third Bancorp Price Performance

NASDAQ FITBP opened at $23.50 on Thursday. Fifth Third Bancorp has a 1-year low of $23.05 and a 1-year high of $25.50. The stock has a 50-day moving average of $23.70 and a 200-day moving average of $24.28.

Fifth Third Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, March 27th.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp (NASDAQ:FITBP) is a diversified financial services company headquartered in Cincinnati, Ohio, operating through its banking subsidiary, Fifth Third Bank. The company provides a broad array of banking, lending, and wealth management services to individuals, small businesses, middle-market companies and large corporations. Its core offerings include deposit products, home and auto financing, credit cards, and treasury management solutions, complemented by insurance, investment advisory and trust services.

Founded in 1858 with the merger of Third National Bank and Fifth National Bank, Fifth Third has grown through strategic acquisitions and organic expansion to serve customers across a multi-state footprint in the Midwest and Southeast.