Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Down 32.7% in December

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 11,363 shares, a drop of 32.7% from the December 15th total of 16,893 shares. Based on an average daily volume of 33,201 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 33,201 shares, the short-interest ratio is currently 0.3 days.

Fifth Third Bancorp Stock Performance

Shares of FITBI stock traded down $0.03 during trading on Friday, reaching $25.59. 24,234 shares of the company’s stock traded hands, compared to its average volume of 31,567. The firm’s 50-day moving average is $25.70 and its 200 day moving average is $25.63. Fifth Third Bancorp has a 1 year low of $24.75 and a 1 year high of $26.25.

Fifth Third Bancorp Cuts Dividend

The business also recently announced 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. This represents a $2.04 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend was Monday, December 29th.

Fifth Third Bancorp Company Profile

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.