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 during the month of June. As of June 15th, there was short interest totaling 6,119 shares, a drop of 74.7% from the May 31st total of 24,161 shares. Based on an average trading volume of 51,179 shares, the days-to-cover ratio is currently 0.1 days.

Huntington Bancshares Stock Performance

NASDAQ:HBANP traded up $0.03 during mid-day trading on Friday, hitting $16.18. 48,877 shares of the stock traded hands, compared to its average volume of 49,097. Huntington Bancshares has a 52 week low of $16.00 and a 52 week high of $18.90. The firm’s 50 day moving average is $16.62 and its two-hundred day moving average is $17.17.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a $0.2813 dividend. This represents a $1.12 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Wednesday, July 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.