Huntington Bancshares Incorporated (NASDAQ:HBANM) Short Interest Update

Huntington Bancshares Incorporated (NASDAQ:HBANM) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 5,655 shares, a drop of 31.2% from the January 15th total of 8,218 shares. Based on an average trading volume of 10,877 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 10,877 shares, the days-to-cover ratio is presently 0.5 days.

Huntington Bancshares Stock Performance

HBANM stock traded down $0.01 during midday trading on Monday, hitting $22.97. The company had a trading volume of 10,222 shares, compared to its average volume of 13,064. Huntington Bancshares has a 52 week low of $21.38 and a 52 week high of $24.04. The stock’s 50 day moving average price is $22.43 and its 200 day moving average price is $22.84.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th will be given a dividend of $0.3563 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.43 annualized dividend and a yield of 6.2%.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $21.00 target price 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.