Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Down 50.8% in March
by Doug Wharley · The Cerbat GemFifth Third Bancorp (NASDAQ:FITBI – Get Free Report) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 14,480 shares, a drop of 50.8% from the February 26th total of 29,459 shares. Based on an average daily volume of 24,241 shares, the days-to-cover ratio is presently 0.6 days.
Fifth Third Bancorp Price Performance
Shares of NASDAQ FITBI traded down $0.48 during trading hours on Friday, hitting $25.23. 59,690 shares of the company’s stock were exchanged, compared to its average volume of 31,166. The company’s 50-day moving average price is $25.70 and its 200-day moving average price is $25.68. Fifth Third Bancorp has a 1-year low of $24.75 and a 1-year high of $25.99.
Fifth Third Bancorp Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th will be issued a dividend of $0.4777 per share. The ex-dividend date is Friday, March 27th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 7.6%.
About Fifth Third Bancorp
Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. As the parent company of Fifth Third Bank, it offers a wide array of banking and financial products to individuals, small businesses, corporations and governmental entities. Fifth Third Bancorp’s core mission is to provide deposit, lending and wealth management solutions that cater to the evolving needs of its customers.
The company’s principal offerings include consumer and commercial banking services such as checking and savings accounts, home mortgages, credit cards, and installment loans.