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

Fifth Third Bancorp (NASDAQ:FITBI) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 22,200 shares, an increase of 212.7% from the March 15th total of 7,100 shares. Based on an average trading volume of 40,600 shares, the days-to-cover ratio is currently 0.5 days.

Fifth Third Bancorp Price Performance

Fifth Third Bancorp stock traded down $0.02 during midday trading on Thursday, hitting $25.49. 19,459 shares of the company’s stock were exchanged, compared to its average volume of 36,631. The stock has a 50-day moving average price of $25.68 and a two-hundred day moving average price of $25.67. Fifth Third Bancorp has a 52-week low of $24.75 and a 52-week high of $26.25.

Fifth Third Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.5189 dividend. The ex-dividend date was Thursday, March 27th. This represents a $2.08 annualized dividend and a yield of 8.14%.

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.