Huntington Bancshares Incorporated (NASDAQ:HBANM) Short Interest Down 61.9% in August

Huntington Bancshares Incorporated (NASDAQ:HBANM) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 2,334 shares, a drop of 61.9% from the July 30th total of 6,132 shares. Based on an average daily volume of 11,518 shares, the days-to-cover ratio is presently 0.2 days.

Huntington Bancshares Stock Performance

HBANM stock traded up $0.09 during midday trading on Friday, reaching $20.94. 4,572 shares of the company’s stock traded hands, compared to its average volume of 12,922. The firm’s fifty day moving average price is $20.71 and its 200-day moving average price is $21.62. Huntington Bancshares has a 52 week low of $19.97 and a 52 week high of $24.04.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be given a dividend of $0.3563 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.43 annualized dividend and a dividend yield of 6.8%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, the company operates through its principal banking subsidiary, The Huntington National Bank, offering a comprehensive suite of financial services to individuals, small businesses, and larger corporate clients. Huntington is publicly traded on the NASDAQ under the symbol HBANM.

The company’s core business activities include commercial lending, consumer banking, and treasury management services.