Fifth Third Bancorp (NASDAQ:FITBO) Sees Large Increase in Short Interest

Fifth Third Bancorp (NASDAQ:FITBO) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 33,660 shares, an increase of 221.8% from the January 15th total of 10,459 shares. Based on an average daily trading volume, of 31,799 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 31,799 shares, the days-to-cover ratio is presently 1.1 days.

Fifth Third Bancorp Price Performance

Fifth Third Bancorp stock traded down $0.07 during trading on Wednesday, reaching $19.84. The company had a trading volume of 12,667 shares, compared to its average volume of 31,505. Fifth Third Bancorp has a 12-month low of $19.19 and a 12-month high of $23.16. The stock’s 50 day moving average price is $19.67 and its two-hundred day moving average price is $20.18.

Fifth Third Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were given a $0.3094 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $1.24 annualized dividend and a dividend yield of 6.2%.

About Fifth Third Bancorp

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. Through its principal subsidiary, Fifth Third Bank, the company offers a range of retail and commercial banking services across a multi-state footprint in the Midwest and Southeast. With a network of branches, ATMs and digital channels, Fifth Third serves individual consumers, small businesses and large corporations.

The company’s retail banking operations provide deposit accounts, credit and debit card services, residential mortgages, home equity lines of credit and auto financing.