Huntington Bancshares Incorporated (NASDAQ:HBANM) Sees Large Increase in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANM) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 41,680 shares, an increase of 407.1% from the December 15th total of 8,219 shares. Based on an average daily volume of 31,454 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 31,454 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Ratings Changes

Separately, DA Davidson set a $21.00 price objective on Huntington Bancshares in a report on Tuesday, October 28th.

Huntington Bancshares Price Performance

Shares of HBANM stock traded up $0.06 on Wednesday, hitting $22.43. 4,696 shares of the company’s stock traded hands, compared to its average volume of 16,319. The company’s fifty day simple moving average is $22.38 and its 200 day simple moving average is $22.79. Huntington Bancshares has a one year low of $21.38 and a one year high of $24.04.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Sunday, February 15th will be issued a $0.3563 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.43 annualized dividend and a dividend yield of 6.4%.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, the company operates through its principal banking subsidiary, The Huntington National Bank, offering a comprehensive suite of financial services to individuals, small businesses, and larger corporate clients. Huntington is publicly traded on the NASDAQ under the symbol HBANM.

The company’s core business activities include commercial lending, consumer banking, and treasury management services.