Fifth Third Bancorp (NASDAQ:FITBO) Sees Large Growth in Short Interest

Fifth Third Bancorp (NASDAQ:FITBO) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 6,930 shares, an increase of 61.4% from the December 15th total of 4,293 shares. Based on an average daily trading volume, of 47,039 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 47,039 shares, the short-interest ratio is currently 0.1 days.

Fifth Third Bancorp Price Performance

Shares of FITBO stock opened at $19.99 on Friday. The firm has a 50 day moving average of $19.67 and a two-hundred day moving average of $20.19. Fifth Third Bancorp has a 52 week low of $19.19 and a 52 week high of $23.16.

Fifth Third Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were issued a $0.3094 dividend. The ex-dividend date was Monday, December 29th. This represents a $1.24 dividend on an annualized basis and a yield of 6.2%.

About Fifth Third Bancorp

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. Through its principal subsidiary, Fifth Third Bank, the company offers a range of retail and commercial banking services across a multi-state footprint in the Midwest and Southeast. With a network of branches, ATMs and digital channels, Fifth Third serves individual consumers, small businesses and large corporations.

The company’s retail banking operations provide deposit accounts, credit and debit card services, residential mortgages, home equity lines of credit and auto financing.