First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Sees Large Growth in Short Interest

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 3,463 shares, a growth of 114.6% from the November 30th total of 1,614 shares. Based on an average daily volume of 2,345 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 2,345 shares, the days-to-cover ratio is currently 1.5 days.

First Internet Bancorp – Fixed- Stock Performance

NASDAQ INBKZ traded up $0.01 during trading on Friday, reaching $24.75. The company’s stock had a trading volume of 6,090 shares, compared to its average volume of 2,664. First Internet Bancorp – Fixed- has a 12 month low of $23.00 and a 12 month high of $25.49. The firm has a 50 day moving average price of $24.61 and a 200 day moving average price of $24.68.

First Internet Bancorp – Fixed- Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Saturday, November 15th will be given a dividend of $0.5236 per share. This represents a $2.09 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Friday, November 14th.

About First Internet Bancorp – Fixed-

First Internet Bancorp is a bank holding company whose primary subsidiary, First Internet Bank of Indiana, operates as a fully digital, branchless bank. Founded in 1999 and headquartered in Fishers, Indiana, the company was among the first to deliver comprehensive banking services exclusively online. It is traded on the NASDAQ under the symbol INBKZ.

The company offers a broad range of deposit products, including interest-bearing checking and savings accounts, money market accounts, certificates of deposit, and individual retirement accounts.