Fifth Third Bancorp (NASDAQ:FITBP) Sees Significant Increase in Short Interest

Fifth Third Bancorp (NASDAQ:FITBP) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 19,889 shares, an increase of 29.4% from the March 15th total of 15,374 shares. Based on an average daily volume of 14,574 shares, the days-to-cover ratio is currently 1.4 days.

Fifth Third Bancorp Stock Performance

Shares of NASDAQ FITBP opened at $24.11 on Friday. The stock’s 50-day moving average is $24.08 and its two-hundred day moving average is $24.52. Fifth Third Bancorp has a 1-year low of $23.05 and a 1-year high of $25.50.

Fifth Third Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 27th were issued a dividend of $0.375 per share. The ex-dividend date was Friday, March 27th. This represents a $1.50 annualized dividend and a yield of 6.2%.

Fifth Third Bancorp Company Profile

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.