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

Fifth Third Bancorp (NASDAQ:FITBO) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 114,900 shares, a growth of 44.0% from the January 31st total of 79,800 shares. Based on an average trading volume of 24,400 shares, the days-to-cover ratio is presently 4.7 days.

Fifth Third Bancorp Price Performance

Shares of FITBO stock traded down $0.22 during trading hours on Tuesday, reaching $22.56. 21,748 shares of the company were exchanged, compared to its average volume of 23,921. Fifth Third Bancorp has a fifty-two week low of $19.28 and a fifty-two week high of $24.15. The stock’s fifty day moving average is $21.92 and its two-hundred day moving average is $22.52.

Fifth Third Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were paid a dividend of $0.3094 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date was Friday, December 27th.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.