Huntington Bancshares Incorporated (NASDAQ:HBANM) Sees Large Increase in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANM) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 8,219 shares, a growth of 88.3% from the November 30th total of 4,364 shares. Based on an average daily volume of 15,080 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 15,080 shares, the short-interest ratio is currently 0.5 days.

Huntington Bancshares Price Performance

Shares of HBANM stock traded down $0.03 during midday trading on Monday, reaching $22.10. 35,412 shares of the company traded hands, compared to its average volume of 11,711. The firm’s 50 day simple moving average is $22.59 and its two-hundred day simple moving average is $22.75. Huntington Bancshares has a 1-year low of $21.38 and a 1-year high of $25.39.

Huntington Bancshares (NASDAQ:HBANM) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $1.29 billion during the quarter.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Sunday, February 15th will be paid a dividend of $0.3563 per share. This represents a $1.43 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, February 13th.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $21.00 target price on Huntington Bancshares in a research report on Tuesday, October 28th.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, the company operates through its principal banking subsidiary, The Huntington National Bank, offering a comprehensive suite of financial services to individuals, small businesses, and larger corporate clients. Huntington is publicly traded on the NASDAQ under the symbol HBANM.

The company’s core business activities include commercial lending, consumer banking, and treasury management services.