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

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 27,020 shares, an increase of 137.8% from the December 31st total of 11,363 shares. Based on an average daily trading volume, of 29,619 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 29,619 shares, the short-interest ratio is currently 0.9 days.

Fifth Third Bancorp Stock Performance

FITBI stock traded down $0.09 during midday trading on Friday, hitting $25.60. The company’s stock had a trading volume of 64,195 shares, compared to its average volume of 30,020. The firm has a 50-day simple moving average of $25.71 and a 200-day simple moving average of $25.65. Fifth Third Bancorp has a 52-week low of $24.75 and a 52-week high of $26.25.

Fifth Third Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were issued a dividend of $0.5095 per share. The ex-dividend date was Monday, December 29th. This represents a $2.04 annualized dividend and a yield of 8.0%.

About Fifth Third Bancorp

Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. As the parent company of Fifth Third Bank, it offers a wide array of banking and financial products to individuals, small businesses, corporations and governmental entities. Fifth Third Bancorp’s core mission is to provide deposit, lending and wealth management solutions that cater to the evolving needs of its customers.

The company’s principal offerings include consumer and commercial banking services such as checking and savings accounts, home mortgages, credit cards, and installment loans.