Fifth Third Bancorp (NASDAQ:FITBO) Sees Significant Increase in Short Interest

Fifth Third Bancorp (NASDAQ:FITBO) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 53,600 shares, a growth of 358.1% from the October 15th total of 11,700 shares. Based on an average trading volume of 27,000 shares, the days-to-cover ratio is presently 2.0 days.

Fifth Third Bancorp Trading Down 0.6 %

Fifth Third Bancorp stock traded down $0.13 during midday trading on Wednesday, hitting $23.46. 28,972 shares of the company’s stock were exchanged, compared to its average volume of 22,179. Fifth Third Bancorp has a 12-month low of $19.28 and a 12-month high of $24.15. The firm’s 50 day simple moving average is $23.04 and its 200 day simple moving average is $21.59.

Fifth Third Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.3094 per share. This represents a $1.24 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend was Thursday, September 26th.

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.