Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Update

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 11,363 shares, a drop of 32.7% from the December 15th total of 16,893 shares. Based on an average trading volume of 33,201 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 33,201 shares, the days-to-cover ratio is presently 0.3 days.

Fifth Third Bancorp Trading Down 0.1%

FITBI traded down $0.03 during trading on Friday, hitting $25.59. The company’s stock had a trading volume of 24,234 shares, compared to its average volume of 31,567. Fifth Third Bancorp has a twelve month low of $24.75 and a twelve month high of $26.25. The firm’s 50 day moving average price is $25.70 and its 200-day moving average price is $25.62.

Fifth Third Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were given a dividend of $0.5095 per share. The ex-dividend date was Monday, December 29th. This represents a $2.04 annualized dividend and a yield of 8.0%.

About Fifth Third Bancorp

Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. As the parent company of Fifth Third Bank, it offers a wide array of banking and financial products to individuals, small businesses, corporations and governmental entities. Fifth Third Bancorp’s core mission is to provide deposit, lending and wealth management solutions that cater to the evolving needs of its customers.

The company’s principal offerings include consumer and commercial banking services such as checking and savings accounts, home mortgages, credit cards, and installment loans.