Fifth Third Bancorp (NASDAQ:FITBI) Sees Significant Decrease in Short Interest

Fifth Third Bancorp (NASDAQ:FITBI) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 34,900 shares, a decline of 40.6% from the June 30th total of 58,800 shares. Based on an average daily trading volume, of 27,400 shares, the days-to-cover ratio is currently 1.3 days.

Fifth Third Bancorp Stock Performance

Shares of FITBI stock traded down $0.04 on Friday, hitting $26.09. The company had a trading volume of 21,289 shares, compared to its average volume of 28,183. The company has a 50-day moving average price of $25.81 and a 200-day moving average price of $25.62. Fifth Third Bancorp has a twelve month low of $24.11 and a twelve month high of $26.25.

Fifth Third Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Thursday, June 27th were paid a $0.586 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $2.34 annualized dividend and a dividend yield of 8.98%.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.