Fifth Third Bancorp (NASDAQ:FITBO) Short Interest Down 34.2% in March

Fifth Third Bancorp (NASDAQ:FITBO) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 11,271 shares, a drop of 34.2% from the March 15th total of 17,141 shares. Based on an average trading volume of 16,981 shares, the short-interest ratio is presently 0.7 days.

Fifth Third Bancorp Price Performance

Shares of FITBO stock traded up $0.16 on Tuesday, reaching $19.52. 2,767 shares of the company’s stock were exchanged, compared to its average volume of 24,015. Fifth Third Bancorp has a 52 week low of $18.91 and a 52 week high of $22.16. The company’s fifty day simple moving average is $19.55 and its 200 day simple moving average is $19.85.

Fifth Third Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 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 6.3%. The ex-dividend date of this dividend was Friday, March 27th.

About Fifth Third Bancorp

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. Through its principal subsidiary, Fifth Third Bank, the company offers a range of retail and commercial banking services across a multi-state footprint in the Midwest and Southeast. With a network of branches, ATMs and digital channels, Fifth Third serves individual consumers, small businesses and large corporations.

The company’s retail banking operations provide deposit accounts, credit and debit card services, residential mortgages, home equity lines of credit and auto financing.