Huntington Bancshares Incorporated (NASDAQ:HBANM) Short Interest Update

Huntington Bancshares Incorporated (NASDAQ:HBANM) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 8,218 shares, a decrease of 80.3% from the December 31st total of 41,680 shares. Based on an average daily volume of 15,857 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 15,857 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

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

Huntington Bancshares Stock Performance

Shares of NASDAQ HBANM traded down $0.15 during mid-day trading on Tuesday, reaching $22.70. 6,057 shares of the company’s stock were exchanged, compared to its average volume of 14,715. Huntington Bancshares has a 52-week low of $21.38 and a 52-week high of $24.04. The company’s 50-day moving average is $22.31 and its 200-day moving average is $22.80.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th will be given a $0.3563 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 6.3%.

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.