Fifth Third Bancorp (NASDAQ:FITBP) Short Interest Up 62.1% in May

Fifth Third Bancorp (NASDAQ:FITBP) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 32,932 shares, a growth of 62.1% from the May 14th total of 20,310 shares. Based on an average trading volume of 11,848 shares, the days-to-cover ratio is presently 2.8 days.

Fifth Third Bancorp Price Performance

NASDAQ FITBP opened at $23.52 on Wednesday. The firm’s fifty day moving average price is $23.71 and its two-hundred day moving average price is $24.20. Fifth Third Bancorp has a 1 year low of $23.05 and a 1 year high of $25.50.

Fifth Third Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, June 26th.

About Fifth Third Bancorp

Fifth Third Bancorp (NASDAQ:FITBP) is a diversified financial services company headquartered in Cincinnati, Ohio, operating through its banking subsidiary, Fifth Third Bank. The company provides a broad array of banking, lending, and wealth management services to individuals, small businesses, middle-market companies and large corporations. Its core offerings include deposit products, home and auto financing, credit cards, and treasury management solutions, complemented by insurance, investment advisory and trust services.

Founded in 1858 with the merger of Third National Bank and Fifth National Bank, Fifth Third has grown through strategic acquisitions and organic expansion to serve customers across a multi-state footprint in the Midwest and Southeast.