Short Interest in Huntington Bancshares Incorporated (NASDAQ:HBANL) Grows By 159.2%

Huntington Bancshares Incorporated (NASDAQ:HBANL) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 31,264 shares, a growth of 159.2% from the June 15th total of 12,062 shares. Based on an average daily trading volume, of 29,626 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBANL) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $25,000.

Huntington Bancshares Trading Up 0.2%

Shares of HBANL stock traded up $0.05 during mid-day trading on Wednesday, reaching $24.98. The company’s stock had a trading volume of 34,090 shares, compared to its average volume of 20,606. Huntington Bancshares has a 1-year low of $24.31 and a 1-year high of $26.42. The firm’s 50-day moving average is $25.16 and its two-hundred day moving average is $25.30.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.4298 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.72 dividend on an annualized basis and a yield of 6.9%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBANL) is a regional bank holding company that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s offerings include personal and small-business checking and savings accounts, consumer and commercial lending, treasury management, mortgage banking, equipment finance, and wealth management services. Huntington places a strong emphasis on digital and mobile banking capabilities, aiming to deliver an integrated customer experience across online, mobile and branch channels.

Originally founded in 1866 as The P.W.