Fulton Financial Co. (NASDAQ:FULTP) Sees Significant Decrease in Short Interest

Fulton Financial Co. (NASDAQ:FULTP) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 7,800 shares, a decline of 81.1% from the December 31st total of 41,200 shares. Based on an average trading volume of 12,800 shares, the days-to-cover ratio is presently 0.6 days.

Fulton Financial Price Performance

Shares of Fulton Financial stock traded up $0.14 on Thursday, reaching $19.62. The company had a trading volume of 14,363 shares, compared to its average volume of 10,780. The firm’s 50 day moving average price is $20.20 and its two-hundred day moving average price is $19.57. Fulton Financial has a 52-week low of $16.71 and a 52-week high of $21.22.

Fulton Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.3203 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.28 dividend on an annualized basis and a yield of 6.53%.

About Fulton Financial

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.