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

Fifth Third Bancorp (NASDAQ:FITBP) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 64,700 shares, a growth of 238.7% from the December 15th total of 19,100 shares. Based on an average trading volume of 10,100 shares, the days-to-cover ratio is presently 6.4 days.

Fifth Third Bancorp Price Performance

Shares of FITBP stock traded up $0.58 during trading hours on Wednesday, hitting $24.78. 6,524 shares of the company’s stock were exchanged, compared to its average volume of 13,436. Fifth Third Bancorp has a 52 week low of $22.66 and a 52 week high of $25.90. The stock’s 50-day moving average is $24.90 and its 200-day moving average is $24.65.

Fifth Third Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date was Friday, December 27th.

About Fifth Third Bancorp

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.