Short Interest in Fifth Third Bancorp (NASDAQ:FITBO) Grows By 221.8%

Fifth Third Bancorp (NASDAQ:FITBO) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 33,660 shares, an increase of 221.8% from the January 15th total of 10,459 shares. Based on an average daily trading volume, of 31,799 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 31,799 shares, the short-interest ratio is currently 1.1 days.

Fifth Third Bancorp Stock Performance

Shares of FITBO traded down $0.07 during midday trading on Wednesday, hitting $19.84. 12,667 shares of the company’s stock traded hands, compared to its average volume of 31,505. The firm’s fifty day moving average is $19.67 and its 200-day moving average is $20.18. Fifth Third Bancorp has a 1 year low of $19.19 and a 1 year high of $23.16.

Fifth Third Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were given a dividend of $0.3094 per share. The ex-dividend date was Monday, December 29th. This represents a $1.24 dividend on an annualized basis and a yield of 6.2%.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. Through its principal subsidiary, Fifth Third Bank, the company offers a range of retail and commercial banking services across a multi-state footprint in the Midwest and Southeast. With a network of branches, ATMs and digital channels, Fifth Third serves individual consumers, small businesses and large corporations.

The company’s retail banking operations provide deposit accounts, credit and debit card services, residential mortgages, home equity lines of credit and auto financing.