Huntington Bancshares Incorporated (NASDAQ:HBANM) Short Interest Update

Huntington Bancshares Incorporated (NASDAQ:HBANM) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 8,218 shares, a decrease of 80.3% from the December 31st total of 41,680 shares. Based on an average daily trading volume, of 15,857 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 15,857 shares, the short-interest ratio is currently 0.5 days.

Huntington Bancshares Trading Down 0.2%

NASDAQ HBANM traded down $0.05 on Wednesday, hitting $22.65. 16,940 shares of the stock were exchanged, compared to its average volume of 14,836. The company’s 50-day moving average price is $22.31 and its two-hundred day moving average price is $22.80. Huntington Bancshares has a 52-week low of $21.38 and a 52-week high of $24.04.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th will be issued a $0.3563 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.43 dividend on an annualized basis and a yield of 6.3%.

Analyst Ratings Changes

Separately, DA Davidson set a $21.00 price target on Huntington Bancshares in a report on Tuesday, October 28th.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, the company operates through its principal banking subsidiary, The Huntington National Bank, offering a comprehensive suite of financial services to individuals, small businesses, and larger corporate clients. Huntington is publicly traded on the NASDAQ under the symbol HBANM.

The company’s core business activities include commercial lending, consumer banking, and treasury management services.