Huntington Bancshares Incorporated (NASDAQ:HBANL) Sees Significant Decline in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANL) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 36,298 shares, a decrease of 51.1% from the September 30th total of 74,243 shares. Based on an average daily trading volume, of 30,514 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On Huntington Bancshares

A hedge fund recently bought a new stake in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBANL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,000 shares of the company’s stock, valued at approximately $25,000.

Huntington Bancshares Stock Performance

NASDAQ:HBANL traded down $0.12 during mid-day trading on Friday, reaching $24.56. The stock had a trading volume of 36,681 shares, compared to its average volume of 22,326. Huntington Bancshares has a 12 month low of $24.31 and a 12 month high of $25.98. The stock has a 50-day simple moving average of $24.96 and a two-hundred day simple moving average of $25.18.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Friday, January 1st will be paid a dividend of $0.4298 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.72 annualized dividend and a yield of 7.0%.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional financial holding company headquartered in Columbus, Ohio. Through its principal subsidiary, The Huntington National Bank, the company provides banking and financial services to consumers, businesses, institutions and government entities.

Huntington’s offerings include consumer checking and savings accounts, residential and auto lending, credit cards, personal loans, commercial and industrial loans, commercial real estate financing, treasury management and cash-management services.