Short Interest in Fifth Third Bancorp (NASDAQ:FITBI) Expands By 184.4%

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 22,252 shares, a growth of 184.4% from the April 15th total of 7,823 shares. Based on an average daily trading volume, of 27,211 shares, the short-interest ratio is presently 0.8 days.

Fifth Third Bancorp Stock Performance

FITBI stock opened at $25.47 on Friday. The firm’s 50-day moving average is $25.44 and its two-hundred day moving average is $25.60. Fifth Third Bancorp has a 52 week low of $25.05 and a 52 week high of $25.99.

Fifth Third Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were given a dividend of $0.4777 per share. The ex-dividend date was Friday, March 27th. This represents a $1.91 annualized dividend and a dividend yield of 7.5%.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. As the parent company of Fifth Third Bank, it offers a wide array of banking and financial products to individuals, small businesses, corporations and governmental entities. Fifth Third Bancorp’s core mission is to provide deposit, lending and wealth management solutions that cater to the evolving needs of its customers.

The company’s principal offerings include consumer and commercial banking services such as checking and savings accounts, home mortgages, credit cards, and installment loans.