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

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 20,300 shares, an increase of 18.0% from the January 15th total of 17,200 shares. Based on an average daily volume of 34,500 shares, the days-to-cover ratio is presently 0.6 days.

Fifth Third Bancorp Price Performance

Shares of FITBI stock traded up $0.06 during mid-day trading on Friday, reaching $26.25. The stock had a trading volume of 11,888 shares, compared to its average volume of 24,670. Fifth Third Bancorp has a 52-week low of $25.12 and a 52-week high of $26.25. The stock’s 50-day moving average price is $25.75 and its two-hundred day moving average price is $25.72.

Fifth Third Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were paid a dividend of $0.5479 per share. This represents a $2.19 annualized dividend and a yield of 8.35%. The ex-dividend date was Friday, December 27th.

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.