Huntington Bancshares Incorporated (NASDAQ:HBANM) Sees Significant Increase in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANM) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 8,219 shares, a growth of 88.3% from the November 30th total of 4,364 shares. Based on an average trading volume of 15,080 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 15,080 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

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

Huntington Bancshares Stock Performance

HBANM stock traded up $0.02 during trading on Friday, hitting $22.13. The company had a trading volume of 14,882 shares, compared to its average volume of 11,615. The firm has a 50-day moving average price of $22.59 and a 200-day moving average price of $22.75. Huntington Bancshares has a 1-year low of $21.38 and a 1-year high of $25.39.

Huntington Bancshares (NASDAQ:HBANM) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.35 earnings per share for the quarter. The company had revenue of $1.29 billion for the quarter.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th will be paid a $0.3563 dividend. This represents a $1.43 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Friday, February 13th.

About Huntington Bancshares

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.