Fifth Third Bancorp (NASDAQ:FITBO) Sees Large Growth in Short Interest

Fifth Third Bancorp (NASDAQ:FITBO) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 21,000 shares, a growth of 500.0% from the March 31st total of 3,500 shares. Based on an average daily trading volume, of 14,300 shares, the days-to-cover ratio is presently 1.5 days.

Fifth Third Bancorp Stock Down 1.8 %

Shares of FITBO traded down $0.39 during trading hours on Friday, reaching $21.54. 14,563 shares of the stock traded hands, compared to its average volume of 13,681. The company’s 50-day moving average price is $22.92 and its two-hundred day moving average price is $22.23. Fifth Third Bancorp has a 52-week low of $17.58 and a 52-week high of $23.99.

Fifth Third Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 28th were paid a dividend of $0.3094 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.75%.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.