Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Update

Fifth Third Bancorp (NASDAQ:FITBI) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 22,252 shares, a growth of 184.4% from the April 15th total of 7,823 shares. Based on an average trading volume of 27,211 shares, the days-to-cover ratio is presently 0.8 days.

Fifth Third Bancorp Trading Up 0.1%

FITBI stock traded up $0.02 during midday trading on Friday, reaching $25.49. 22,912 shares of the company’s stock traded hands, compared to its average volume of 34,087. The company has a 50-day moving average price of $25.44 and a two-hundred day moving average price of $25.60. Fifth Third Bancorp has a 52 week low of $25.05 and a 52 week high of $25.99.

Fifth Third Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 27th were issued a dividend of $0.4777 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $1.91 dividend on an annualized basis and a yield of 7.5%.

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.