Fifth Third Bancorp (NASDAQ:FITBP) Sees Large Growth in Short Interest

Fifth Third Bancorp (NASDAQ:FITBP) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 10,275 shares, an increase of 175.8% from the February 12th total of 3,725 shares. Based on an average trading volume of 10,753 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 10,753 shares, the short-interest ratio is presently 1.0 days.

Fifth Third Bancorp Trading Down 0.5%

FITBP traded down $0.11 on Friday, hitting $23.95. 10,383 shares of the company were exchanged, compared to its average volume of 11,720. Fifth Third Bancorp has a twelve month low of $23.04 and a twelve month high of $25.50. The firm has a 50-day moving average price of $24.56 and a two-hundred day moving average price of $24.70.

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.