First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Sees Large Increase in Short Interest

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 3,463 shares, a growth of 114.6% from the November 30th total of 1,614 shares. Based on an average daily trading volume, of 2,345 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 2,345 shares, the days-to-cover ratio is currently 1.5 days.

First Internet Bancorp – Fixed- Stock Performance

INBKZ traded up $0.01 on Friday, hitting $24.75. The company had a trading volume of 6,090 shares, compared to its average volume of 2,664. The stock has a fifty day simple moving average of $24.61 and a 200-day simple moving average of $24.68. First Internet Bancorp – Fixed- has a 52-week low of $23.00 and a 52-week high of $25.49.

First Internet Bancorp – Fixed- Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Saturday, November 15th will be paid a $0.5236 dividend. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Friday, November 14th.

First Internet Bancorp – Fixed- Company Profile

First Internet Bancorp is a bank holding company whose primary subsidiary, First Internet Bank of Indiana, operates as a fully digital, branchless bank. Founded in 1999 and headquartered in Fishers, Indiana, the company was among the first to deliver comprehensive banking services exclusively online. It is traded on the NASDAQ under the symbol INBKZ.

The company offers a broad range of deposit products, including interest-bearing checking and savings accounts, money market accounts, certificates of deposit, and individual retirement accounts.