Huntington Bancshares Incorporated (NASDAQ:HBANL) Short Interest Up 159.2% in June

Huntington Bancshares Incorporated (NASDAQ:HBANL) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 31,264 shares, an increase of 159.2% from the June 15th total of 12,062 shares. Based on an average daily volume of 29,626 shares, the short-interest ratio is presently 1.1 days.

Huntington Bancshares Trading Up 0.1%

NASDAQ:HBANL opened at $24.97 on Tuesday. Huntington Bancshares has a 1-year low of $24.31 and a 1-year high of $26.42. The stock has a fifty day simple moving average of $25.17 and a 200 day simple moving average of $25.30.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.4298 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.72 dividend on an annualized basis and a yield of 6.9%.

Institutional Investors Weigh In On Huntington Bancshares

An institutional investor recently bought a new stake in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBANL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $25,000.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBANL) is a regional bank holding company that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s offerings include personal and small-business checking and savings accounts, consumer and commercial lending, treasury management, mortgage banking, equipment finance, and wealth management services. Huntington places a strong emphasis on digital and mobile banking capabilities, aiming to deliver an integrated customer experience across online, mobile and branch channels.

Originally founded in 1866 as The P.W.