Short Interest in Fulton Financial Co. (NASDAQ:FULTP) Grows By 431.3%

Fulton Financial Co. (NASDAQ:FULTP) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 8,500 shares, an increase of 431.3% from the June 30th total of 1,600 shares. Based on an average daily trading volume, of 13,800 shares, the days-to-cover ratio is currently 0.6 days.

Fulton Financial Price Performance

Shares of FULTP stock traded down $0.12 on Friday, hitting $18.67. 11,558 shares of the company’s stock were exchanged, compared to its average volume of 15,438. Fulton Financial has a 12 month low of $14.56 and a 12 month high of $19.90. The company has a 50 day moving average of $18.39 and a 200 day moving average of $18.17.

Fulton Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Sunday, June 30th were given a dividend of $0.3203 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.28 annualized dividend and a dividend yield of 6.86%.

Institutional Trading of Fulton Financial

An institutional investor recently bought a new position in Fulton Financial stock. PNC Financial Services Group Inc. bought a new stake in Fulton Financial Co. (NASDAQ:FULTP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,500 shares of the company’s stock, valued at approximately $42,000.

Fulton Financial Company Profile

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.