Huntington Bancshares Incorporated (NASDAQ:HBANL) Sees Large Increase in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANL) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 46,700 shares, an increase of 7.1% from the August 15th total of 43,600 shares. Based on an average daily volume of 20,500 shares, the short-interest ratio is presently 2.3 days.

Institutional Trading of Huntington Bancshares

A hedge fund 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) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the company’s stock, valued at approximately $25,000.

Huntington Bancshares Stock Performance

Huntington Bancshares stock opened at $25.75 on Tuesday. The business has a 50 day simple moving average of $25.20 and a 200-day simple moving average of $24.92. Huntington Bancshares has a 12 month low of $20.77 and a 12 month high of $25.84.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.4298 per share. The ex-dividend date is Tuesday, October 1st. This represents a $1.72 dividend on an annualized basis and a yield of 6.68%.

Huntington Bancshares Company Profile

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 offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.