First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Sees Large Decline in Short Interest

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 44 shares, a decrease of 98.8% from the December 31st total of 3,672 shares. Based on an average daily trading volume, of 2,927 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 2,927 shares, the days-to-cover ratio is presently 0.0 days.

First Internet Bancorp – Fixed- Price Performance

Shares of First Internet Bancorp – Fixed- stock traded down $0.26 on Tuesday, reaching $24.46. The company had a trading volume of 4,178 shares, compared to its average volume of 2,774. The firm’s 50 day moving average price is $24.68 and its two-hundred day moving average price is $24.72. First Internet Bancorp – Fixed- has a 52-week low of $23.00 and a 52-week high of $25.49.

First Internet Bancorp – Fixed- Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Saturday, November 15th were issued a dividend of $0.5236 per share. This represents a $2.09 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date was Friday, November 14th.

First Internet Bancorp – Fixed- Company Profile

First Internet Bancorp is a bank holding company whose primary subsidiary, First Internet Bank of Indiana, operates as a fully digital, branchless bank. Founded in 1999 and headquartered in Fishers, Indiana, the company was among the first to deliver comprehensive banking services exclusively online. It is traded on the NASDAQ under the symbol INBKZ.

The company offers a broad range of deposit products, including interest-bearing checking and savings accounts, money market accounts, certificates of deposit, and individual retirement accounts.