Huntington Bancshares Incorporated (NASDAQ:HBANM) Short Interest Up 407.1% in December

Huntington Bancshares Incorporated (NASDAQ:HBANM) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 41,680 shares, an increase of 407.1% from the December 15th total of 8,219 shares. Based on an average trading volume of 31,454 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 31,454 shares, the short-interest ratio is presently 1.3 days.

Analyst Ratings Changes

Separately, DA Davidson set a $21.00 target price on Huntington Bancshares in a research note on Tuesday, October 28th.

Huntington Bancshares Price Performance

Shares of HBANM stock opened at $22.48 on Thursday. The stock has a 50 day simple moving average of $22.36 and a 200-day simple moving average of $22.79. Huntington Bancshares has a 12-month low of $21.38 and a 12-month high of $24.04.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th will be given a $0.3563 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.43 annualized dividend and a yield of 6.3%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, the company operates through its principal banking subsidiary, The Huntington National Bank, offering a comprehensive suite of financial services to individuals, small businesses, and larger corporate clients. Huntington is publicly traded on the NASDAQ under the symbol HBANM.

The company’s core business activities include commercial lending, consumer banking, and treasury management services.