Fifth Third Bancorp (NASDAQ:FITBP) Sees Significant Decline in Short Interest

Fifth Third Bancorp (NASDAQ:FITBP) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 12,001 shares, a decline of 36.6% from the April 15th total of 18,924 shares. Based on an average daily volume of 9,943 shares, the short-interest ratio is presently 1.2 days.

Fifth Third Bancorp Stock Down 0.7%

Shares of FITBP stock opened at $23.31 on Wednesday. The business has a 50-day moving average price of $23.75 and a two-hundred day moving average price of $24.38. Fifth Third Bancorp has a 12-month low of $23.05 and a 12-month high of $25.50.

Fifth Third Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 27th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $1.50 annualized dividend and a yield of 6.4%.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp (NASDAQ:FITBP) is a diversified financial services company headquartered in Cincinnati, Ohio, operating through its banking subsidiary, Fifth Third Bank. The company provides a broad array of banking, lending, and wealth management services to individuals, small businesses, middle-market companies and large corporations. Its core offerings include deposit products, home and auto financing, credit cards, and treasury management solutions, complemented by insurance, investment advisory and trust services.

Founded in 1858 with the merger of Third National Bank and Fifth National Bank, Fifth Third has grown through strategic acquisitions and organic expansion to serve customers across a multi-state footprint in the Midwest and Southeast.