First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Short Interest Up 606.8% in February

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 933 shares, a growth of 606.8% from the January 29th total of 132 shares. Based on an average daily trading volume, of 4,076 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 4,076 shares, the short-interest ratio is currently 0.2 days.

First Internet Bancorp – Fixed- Stock Performance

Shares of NASDAQ:INBKZ opened at $24.49 on Thursday. The business has a 50 day moving average price of $24.69 and a 200 day moving average price of $24.70. First Internet Bancorp – Fixed- has a twelve month low of $23.00 and a twelve month high of $25.14.

First Internet Bancorp – Fixed- Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Sunday, February 15th will be paid a $0.5039 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Friday, February 13th.

About First Internet Bancorp – Fixed-

First Internet Bancorp is a bank holding company whose primary subsidiary, First Internet Bank of Indiana, operates as a fully digital, branchless bank. Founded in 1999 and headquartered in Fishers, Indiana, the company was among the first to deliver comprehensive banking services exclusively online. It is traded on the NASDAQ under the symbol INBKZ.

The company offers a broad range of deposit products, including interest-bearing checking and savings accounts, money market accounts, certificates of deposit, and individual retirement accounts.