Huntington Bancshares Incorporated (NASDAQ:HBANL) Short Interest Up 30.7% in February

Huntington Bancshares Incorporated (NASDAQ:HBANL) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 27,259 shares, a growth of 30.7% from the February 12th total of 20,863 shares. Based on an average daily volume of 17,062 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 17,062 shares, the days-to-cover ratio is presently 1.6 days.

Huntington Bancshares Stock Performance

HBANL stock opened at $25.11 on Tuesday. The company has a 50 day moving average price of $25.50 and a 200 day moving average price of $25.57. Huntington Bancshares has a fifty-two week low of $24.32 and a fifty-two week high of $26.42.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.4298 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.8%.

Hedge Funds Weigh In On Huntington Bancshares

An institutional investor recently bought a new position in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBANL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,000 shares of the company’s stock, valued at approximately $25,000.

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.