Short Interest in Huntington Bancshares Incorporated (NASDAQ:HBANL) Rises By 86.4%

Huntington Bancshares Incorporated (NASDAQ:HBANL) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 45,954 shares, an increase of 86.4% from the August 15th total of 24,651 shares. Based on an average daily trading volume, of 19,657 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Trading of Huntington Bancshares

An institutional investor recently bought a new stake in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBANL) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $25,000.

Huntington Bancshares Stock Performance

Shares of HBANL stock traded down $0.02 during trading hours on Thursday, hitting $25.07. The company had a trading volume of 26,733 shares, compared to its average volume of 20,860. The company’s fifty day moving average is $25.12 and its 200 day moving average is $25.17. Huntington Bancshares has a fifty-two week low of $24.31 and a fifty-two week high of $26.19.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a dividend of $0.4298 per share. This represents a $1.72 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Thursday, October 1st.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBANL) is a regional bank holding company that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s offerings include personal and small-business checking and savings accounts, consumer and commercial lending, treasury management, mortgage banking, equipment finance, and wealth management services. Huntington places a strong emphasis on digital and mobile banking capabilities, aiming to deliver an integrated customer experience across online, mobile and branch channels.

Originally founded in 1866 as The P.W.