Fifth Third Bancorp (NASDAQ:FITBP) Short Interest Up 69.2% in May

Fifth Third Bancorp (NASDAQ:FITBP) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 20,310 shares, a growth of 69.2% from the April 30th total of 12,001 shares. Based on an average daily trading volume, of 9,995 shares, the days-to-cover ratio is presently 2.0 days.

Fifth Third Bancorp Stock Up 0.1%

FITBP traded up $0.02 during midday trading on Wednesday, hitting $23.55. The company’s stock had a trading volume of 826 shares, compared to its average volume of 11,908. The firm has a 50-day moving average price of $23.70 and a two-hundred day moving average price of $24.30. Fifth Third Bancorp has a 52-week low of $23.05 and a 52-week high of $25.50.

Fifth Third Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were given a $0.375 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $1.50 annualized dividend and a dividend yield of 6.4%.

About Fifth Third Bancorp

Fifth Third Bancorp (NASDAQ:FITBP) is a diversified financial services company headquartered in Cincinnati, Ohio, operating through its banking subsidiary, Fifth Third Bank. The company provides a broad array of banking, lending, and wealth management services to individuals, small businesses, middle-market companies and large corporations. Its core offerings include deposit products, home and auto financing, credit cards, and treasury management solutions, complemented by insurance, investment advisory and trust services.

Founded in 1858 with the merger of Third National Bank and Fifth National Bank, Fifth Third has grown through strategic acquisitions and organic expansion to serve customers across a multi-state footprint in the Midwest and Southeast.