Fifth Third Bancorp (NASDAQ:FITBP) Sees Large Increase in Short Interest

Fifth Third Bancorp (NASDAQ:FITBP) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 24,800 shares, an increase of 570.3% from the September 30th total of 3,700 shares. Based on an average daily trading volume, of 16,800 shares, the days-to-cover ratio is currently 1.5 days.

Fifth Third Bancorp Trading Up 0.2 %

Fifth Third Bancorp stock traded up $0.05 during midday trading on Friday, reaching $25.17. 6,327 shares of the company were exchanged, compared to its average volume of 15,943. The firm’s 50-day simple moving average is $25.07 and its 200-day simple moving average is $24.10. Fifth Third Bancorp has a 1 year low of $22.08 and a 1 year high of $25.90.

Fifth Third Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.50 dividend on an annualized basis and a yield of 5.96%.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.