Short Interest in Fifth Third Bancorp (NASDAQ:FITBI) Drops By 37.1%

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 7,300 shares, a drop of 37.1% from the February 13th total of 11,600 shares. Based on an average daily trading volume, of 33,700 shares, the short-interest ratio is currently 0.2 days.

Fifth Third Bancorp Stock Performance

FITBI traded down $0.03 during midday trading on Friday, hitting $25.64. 59,056 shares of the company traded hands, compared to its average volume of 27,605. The business has a 50 day simple moving average of $25.87 and a two-hundred day simple moving average of $25.77. Fifth Third Bancorp has a 52-week low of $25.12 and a 52-week high of $26.25.

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.