Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Up 21.4% in January

Fifth Third Bancorp (NASDAQ:FITBI) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 32,806 shares, an increase of 21.4% from the January 15th total of 27,020 shares. Based on an average daily volume of 26,750 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 26,750 shares, the short-interest ratio is presently 1.2 days.

Fifth Third Bancorp Stock Performance

NASDAQ:FITBI traded up $0.02 during midday trading on Wednesday, reaching $25.96. The stock had a trading volume of 4,711 shares, compared to its average volume of 29,374. Fifth Third Bancorp has a 1-year low of $24.75 and a 1-year high of $26.24. The firm’s fifty day simple moving average is $25.71 and its 200-day simple moving average is $25.67.

Fifth Third Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were issued a dividend of $0.5095 per share. The ex-dividend date was Monday, December 29th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.8%.

About Fifth Third Bancorp

Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. As the parent company of Fifth Third Bank, it offers a wide array of banking and financial products to individuals, small businesses, corporations and governmental entities. Fifth Third Bancorp’s core mission is to provide deposit, lending and wealth management solutions that cater to the evolving needs of its customers.

The company’s principal offerings include consumer and commercial banking services such as checking and savings accounts, home mortgages, credit cards, and installment loans.