Short Interest in Huntington Bancshares Incorporated (NASDAQ:HBANM) Declines By 80.9%

Huntington Bancshares Incorporated (NASDAQ:HBANM) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,745 shares, a drop of 80.9% from the May 14th total of 9,132 shares. Based on an average daily volume of 13,983 shares, the days-to-cover ratio is currently 0.1 days.

Huntington Bancshares Price Performance

Shares of HBANM traded down $0.05 during mid-day trading on Friday, reaching $20.70. 9,859 shares of the company were exchanged, compared to its average volume of 11,744. Huntington Bancshares has a 52 week low of $20.52 and a 52 week high of $24.04. The business has a 50 day simple moving average of $21.84 and a two-hundred day simple moving average of $22.25.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a dividend of $0.3563 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Friday, May 15th.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, the company operates through its principal banking subsidiary, The Huntington National Bank, offering a comprehensive suite of financial services to individuals, small businesses, and larger corporate clients. Huntington is publicly traded on the NASDAQ under the symbol HBANM.

The company’s core business activities include commercial lending, consumer banking, and treasury management services.