Fulton Financial Co. (NASDAQ:FULTP) Sees Large Drop in Short Interest

Fulton Financial Co. (NASDAQ:FULTP) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 2,068 shares, a decrease of 39.1% from the September 15th total of 3,396 shares. Based on an average daily trading volume, of 11,185 shares, the days-to-cover ratio is currently 0.2 days.

Fulton Financial Stock Performance

Shares of FULTP traded down $0.31 during mid-day trading on Friday, hitting $16.32. The company’s stock had a trading volume of 10,778 shares, compared to its average volume of 11,781. Fulton Financial has a fifty-two week low of $15.91 and a fifty-two week high of $19.99. The firm has a 50-day moving average price of $17.47 and a 200 day moving average price of $18.00.

Fulton Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.3202 per share. This represents a $1.28 annualized dividend and a yield of 7.8%. The ex-dividend date was Wednesday, September 30th.

About Fulton Financial

Fulton Financial Corporation is a regional financial services company headquartered in Lancaster, Pennsylvania. Through its principal subsidiary, Fulton Bank, the company provides banking and related financial services to individuals, families, businesses and institutions.

Its offerings include personal and business deposit accounts, residential and commercial lending, mortgages, credit cards, treasury management, cash management and online banking. Fulton also provides wealth management, investment and trust services, insurance solutions and other advisory services through specialized business units.

Fulton Financial serves customers across the Mid-Atlantic region, including communities in Pennsylvania, New Jersey, Maryland, Delaware and Virginia.