Short Interest in Huntington Bancshares Incorporated (NASDAQ:HBANP) Increases By 127.3%

Huntington Bancshares Incorporated (NASDAQ:HBANPGet Rating) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 10,000 shares, an increase of 127.3% from the April 30th total of 4,400 shares. Based on an average trading volume of 85,700 shares, the short-interest ratio is currently 0.1 days.

In other news, VP Steven Lee Rhodes sold 14,705 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $13.28, for a total value of $195,282.40. Following the sale, the vice president now owns 127,581 shares of the company’s stock, valued at $1,694,275.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen D. Steinour purchased 14,234 shares of the stock in a transaction dated Tuesday, April 26th. The stock was acquired at an average cost of $13.98 per share, for a total transaction of $198,991.32. Following the transaction, the chief executive officer now owns 627,104 shares of the company’s stock, valued at $8,766,913.92. The disclosure for this purchase can be found here.

Shares of NASDAQ:HBANP opened at $20.39 on Friday. Huntington Bancshares has a 12 month low of $17.76 and a 12 month high of $26.56.

Huntington Bancshares Company Profile (Get Rating)

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

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