Fulton Financial Co. (NASDAQ:FULTP) Sees Significant Drop in Short Interest

Fulton Financial Co. (NASDAQ:FULTP) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 3,048 shares, a drop of 75.6% from the June 30th total of 12,517 shares. Based on an average daily trading volume, of 18,429 shares, the days-to-cover ratio is currently 0.2 days.

Fulton Financial Price Performance

FULTP stock traded up $0.08 during mid-day trading on Friday, reaching $18.23. The company had a trading volume of 18,919 shares, compared to its average volume of 11,822. The firm has a 50 day moving average of $18.25 and a 200 day moving average of $18.51. Fulton Financial has a 12 month low of $17.68 and a 12 month high of $20.83.

Fulton Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.3203 dividend. This represents a $1.28 annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Tuesday, June 30th.

Fulton Financial Company Profile

Fulton Financial Corporation (NASDAQ:FULTP) is a diversified financial services holding company headquartered in Lancaster, Pennsylvania. Through its primary banking subsidiary, Fulton Bank, N.A., the company delivers a broad range of retail and commercial banking products, including deposit accounts, consumer and commercial loans, treasury and cash management solutions, and mortgage origination services.

In addition to traditional banking, Fulton Financial offers wealth management and brokerage services, as well as insurance and leasing products designed to meet the needs of individuals, businesses, and municipalities.