Huntington Bancshares Incorporated (NASDAQ:HBANL) Short Interest Up 159.2% in June

Huntington Bancshares Incorporated (NASDAQ:HBANL) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 31,264 shares, an increase of 159.2% from the June 15th total of 12,062 shares. Based on an average daily trading volume, of 29,626 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On Huntington Bancshares

An institutional investor recently bought a new stake in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBANL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,000 shares of the company’s stock, valued at approximately $25,000.

Huntington Bancshares Stock Up 0.1%

Shares of HBANL stock opened at $24.97 on Tuesday. The stock has a 50-day simple moving average of $25.17 and a 200 day simple moving average of $25.30. Huntington Bancshares has a fifty-two week low of $24.31 and a fifty-two week high of $26.42.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be issued a $0.4298 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Wednesday, July 1st.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBANL) is a regional bank holding company that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s offerings include personal and small-business checking and savings accounts, consumer and commercial lending, treasury management, mortgage banking, equipment finance, and wealth management services. Huntington places a strong emphasis on digital and mobile banking capabilities, aiming to deliver an integrated customer experience across online, mobile and branch channels.

Originally founded in 1866 as The P.W.