Huntington Bancshares Incorporated (NASDAQ:HBANP) Stock Short Interest Falls 75.7%

Huntington Bancshares Incorporated (NASDAQ:HBANP) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 28,142 shares, a decrease of 75.7% from the October 15th total of 115,969 shares. Based on an average daily volume of 117,848 shares, the days-to-cover ratio is presently 0.2 days.

Huntington Bancshares Stock Performance

Shares of HBANP stock traded down $0.01 during trading on Friday, hitting $14.49. 79,826 shares of the company were exchanged, compared to its average volume of 63,176. The business’s 50-day simple moving average is $15.50 and its 200 day simple moving average is $16.49. Huntington Bancshares has a twelve month low of $14.31 and a twelve month high of $17.97.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Friday, January 1st will be paid a dividend of $0.2812 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.8%.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses and institutions. The bank traces its roots to 1866, when P.W. Huntington established a bank in Columbus. Huntington offers deposit accounts, consumer and commercial loans, mortgage services, vehicle financing, wealth management and other financial services. Its commercial banking activities include lending, treasury management and capital markets services for businesses and organizations.