Fifth Third Bancorp (NASDAQ:FITBP) Short Interest Up 238.7% in January

Fifth Third Bancorp (NASDAQ:FITBP) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 64,700 shares, an increase of 238.7% from the December 31st total of 19,100 shares. Based on an average trading volume of 10,100 shares, the days-to-cover ratio is presently 6.4 days.

Fifth Third Bancorp Price Performance

Shares of NASDAQ FITBP traded down $0.19 during midday trading on Wednesday, hitting $24.59. 3,955 shares of the stock traded hands, compared to its average volume of 9,831. Fifth Third Bancorp has a one year low of $22.66 and a one year high of $25.90. The firm has a 50-day moving average of $24.87 and a two-hundred day moving average of $24.76.

Fifth Third Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.10%. The ex-dividend date was Friday, December 27th.

About Fifth Third Bancorp

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.