Huntington Bancshares Incorporated (NASDAQ:HBANM) Sees Large Increase in Short Interest
by Renee Jackson · The Cerbat GemHuntington Bancshares Incorporated (NASDAQ:HBANM – Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 3,680 shares, a growth of 140.2% from the April 15th total of 1,532 shares. Based on an average daily volume of 6,736 shares, the days-to-cover ratio is currently 0.5 days.
Huntington Bancshares Stock Performance
Shares of HBANM traded down $0.48 during midday trading on Friday, hitting $22.21. The stock had a trading volume of 9,584 shares, compared to its average volume of 10,250. The company has a 50 day simple moving average of $22.18 and a two-hundred day simple moving average of $22.46. Huntington Bancshares has a twelve month low of $21.07 and a twelve month high of $24.04.
Huntington Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $0.3563 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.43 annualized dividend and a dividend yield of 6.4%.
Huntington Bancshares Company Profile
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.