Fifth Third Bancorp (NASDAQ:FITBO) Sees Large Drop in Short Interest

Fifth Third Bancorp (NASDAQ:FITBO) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 21,194 shares, a decline of 37.0% from the January 29th total of 33,660 shares. Based on an average daily trading volume, of 18,693 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 18,693 shares, the days-to-cover ratio is presently 1.1 days.

Fifth Third Bancorp Stock Down 0.9%

Shares of FITBO traded down $0.18 during trading hours on Friday, reaching $19.75. 52,980 shares of the stock traded hands, compared to its average volume of 28,061. Fifth Third Bancorp has a 52 week low of $19.19 and a 52 week high of $22.90. The stock has a fifty day simple moving average of $19.79 and a 200 day simple moving average of $20.15.

Fifth Third Bancorp Dividend Announcement

The company also recently declared 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 of this dividend was Monday, December 29th. This represents a $1.24 annualized dividend and a yield of 6.3%.

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.