Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Down 42.9% in February

Fifth Third Bancorp (NASDAQ:FITBI) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 11,600 shares, a decline of 42.9% from the January 31st total of 20,300 shares. Based on an average daily volume of 33,300 shares, the days-to-cover ratio is currently 0.3 days.

Fifth Third Bancorp Stock Down 0.3 %

Shares of Fifth Third Bancorp stock traded down $0.07 during trading on Tuesday, reaching $26.06. 6,951 shares of the company traded hands, compared to its average volume of 22,493. The company has a 50 day moving average price of $25.83 and a 200-day moving average price of $25.76. Fifth Third Bancorp has a 1-year low of $25.12 and a 1-year high of $26.25.

Fifth Third Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were given a dividend of $0.5479 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.41%.

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.