Short Interest in Fifth Third Bancorp (NASDAQ:FITBI) Declines By 42.9%

Fifth Third Bancorp (NASDAQ:FITBI) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 11,600 shares, a decline of 42.9% from the January 31st total of 20,300 shares. Based on an average daily volume of 33,300 shares, the days-to-cover ratio is presently 0.3 days.

Fifth Third Bancorp Stock Up 0.8 %

FITBI traded up $0.21 during trading on Friday, reaching $26.13. 27,972 shares of the stock were exchanged, compared to its average volume of 22,979. The business’s 50 day moving average price is $25.82 and its two-hundred day moving average price is $25.75. Fifth Third Bancorp has a 1 year low of $25.12 and a 1 year high of $26.25.

Fifth Third Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were given a $0.5479 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.19 annualized dividend and a dividend yield of 8.39%.

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.