Short Interest in Fifth Third Bancorp (NASDAQ:FITBO) Drops By 37.0%

Fifth Third Bancorp (NASDAQ:FITBO) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 21,194 shares, a decrease of 37.0% from the January 29th total of 33,660 shares. Based on an average daily trading volume, of 18,693 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 18,693 shares, the short-interest ratio is presently 1.1 days.

Fifth Third Bancorp Trading Down 0.9%

Shares of NASDAQ:FITBO opened at $19.75 on Friday. The business’s 50-day simple moving average is $19.79 and its 200 day simple moving average is $20.16. Fifth Third Bancorp has a one year low of $19.19 and a one year high of $22.90.

Fifth Third Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were paid a $0.3094 dividend. The ex-dividend date was Monday, December 29th. This represents a $1.24 annualized dividend and a dividend yield of 6.3%.

Fifth Third Bancorp Company Profile

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.