Huntington Bancshares Incorporated (NASDAQ:HBANP) Sees Large Growth in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANP) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 56,156 shares, an increase of 817.7% from the June 15th total of 6,119 shares. Based on an average trading volume of 104,027 shares, the days-to-cover ratio is currently 0.5 days.

Huntington Bancshares Stock Down 0.2%

NASDAQ:HBANP traded down $0.04 during trading hours on Friday, hitting $16.12. 34,196 shares of the company were exchanged, compared to its average volume of 50,523. The company has a fifty day simple moving average of $16.45 and a 200 day simple moving average of $17.09. Huntington Bancshares has a one year low of $16.00 and a one year high of $18.90.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a dividend of $0.2813 per share. This represents a $1.12 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Wednesday, July 1st.

Huntington Bancshares Company Profile

Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. Established in 1866 as The Huntington National Bank, the organization has grown through both organic expansion and strategic acquisitions to become one of the leading financial institutions in the U.S. Midwest. It operates as the parent company of Huntington National Bank, offering a broad range of banking and financial services to individual and institutional clients.

The company’s core business activities span consumer banking, commercial banking, and wealth management.