Huntington Bancshares Incorporated (NASDAQ:HBANP) Sees Large Decrease in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANP) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 6,847 shares, a drop of 70.5% from the April 15th total of 23,213 shares. Based on an average daily trading volume, of 28,791 shares, the short-interest ratio is currently 0.2 days.

Huntington Bancshares Stock Performance

HBANP stock opened at $16.95 on Wednesday. Huntington Bancshares has a 1-year low of $16.75 and a 1-year high of $18.90. The business has a 50-day moving average price of $17.21 and a 200 day moving average price of $17.45.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $0.2813 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.6%.

Huntington Bancshares Company Profile

Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. Established in 1866 as The Huntington National Bank, the organization has grown through both organic expansion and strategic acquisitions to become one of the leading financial institutions in the U.S. Midwest. It operates as the parent company of Huntington National Bank, offering a broad range of banking and financial services to individual and institutional clients.

The company’s core business activities span consumer banking, commercial banking, and wealth management.