Huntington Bancshares Incorporated (NASDAQ:HBANP) Sees Significant Growth in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANP) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 24,161 shares, a growth of 140.9% from the May 14th total of 10,028 shares. Based on an average trading volume of 43,541 shares, the short-interest ratio is presently 0.6 days.

Huntington Bancshares Price Performance

HBANP traded up $0.03 during midday trading on Friday, hitting $16.20. 61,950 shares of the company traded hands, compared to its average volume of 44,920. The company’s 50-day moving average is $16.80 and its 200 day moving average is $17.25. Huntington Bancshares has a 52 week low of $16.03 and a 52 week high of $18.90.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.2813 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.13 annualized dividend and a dividend yield of 6.9%.

About Huntington Bancshares

Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. Established in 1866 as The Huntington National Bank, the organization has grown through both organic expansion and strategic acquisitions to become one of the leading financial institutions in the U.S. Midwest. It operates as the parent company of Huntington National Bank, offering a broad range of banking and financial services to individual and institutional clients.

The company’s core business activities span consumer banking, commercial banking, and wealth management.