Fifth Third Bancorp (NASDAQ:FITBP) Sees Significant Drop in Short Interest

Fifth Third Bancorp (NASDAQ:FITBP) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 12,001 shares, a drop of 36.6% from the April 15th total of 18,924 shares. Based on an average daily trading volume, of 9,943 shares, the short-interest ratio is currently 1.2 days.

Fifth Third Bancorp Stock Down 0.6%

Shares of FITBP traded down $0.13 during mid-day trading on Monday, hitting $23.47. 7,430 shares of the company’s stock were exchanged, compared to its average volume of 11,911. Fifth Third Bancorp has a fifty-two week low of $23.05 and a fifty-two week high of $25.50. The stock’s 50-day moving average is $23.78 and its 200-day moving average is $24.40.

Fifth Third Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Friday, March 27th.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp (NASDAQ:FITBP) is a diversified financial services company headquartered in Cincinnati, Ohio, operating through its banking subsidiary, Fifth Third Bank. The company provides a broad array of banking, lending, and wealth management services to individuals, small businesses, middle-market companies and large corporations. Its core offerings include deposit products, home and auto financing, credit cards, and treasury management solutions, complemented by insurance, investment advisory and trust services.

Founded in 1858 with the merger of Third National Bank and Fifth National Bank, Fifth Third has grown through strategic acquisitions and organic expansion to serve customers across a multi-state footprint in the Midwest and Southeast.