Short Interest in Fifth Third Bancorp (NASDAQ:FITBP) Grows By 175.8%

Fifth Third Bancorp (NASDAQ:FITBP) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 10,275 shares, a growth of 175.8% from the February 12th total of 3,725 shares. Based on an average daily volume of 10,753 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 10,753 shares, the days-to-cover ratio is presently 1.0 days.

Fifth Third Bancorp Stock Up 0.6%

Shares of FITBP opened at $24.10 on Wednesday. Fifth Third Bancorp has a twelve month low of $23.04 and a twelve month high of $25.50. The firm’s 50 day moving average price is $24.60 and its two-hundred day moving average price is $24.71.

About Fifth Third Bancorp

Fifth Third Bancorp (NASDAQ:FITBP) is a diversified financial services company headquartered in Cincinnati, Ohio, operating through its banking subsidiary, Fifth Third Bank. The company provides a broad array of banking, lending, and wealth management services to individuals, small businesses, middle-market companies and large corporations. Its core offerings include deposit products, home and auto financing, credit cards, and treasury management solutions, complemented by insurance, investment advisory and trust services.

Founded in 1858 with the merger of Third National Bank and Fifth National Bank, Fifth Third has grown through strategic acquisitions and organic expansion to serve customers across a multi-state footprint in the Midwest and Southeast.