Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Update

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 14,480 shares, a drop of 50.8% from the February 26th total of 29,459 shares. Based on an average daily volume of 24,241 shares, the days-to-cover ratio is presently 0.6 days.

Fifth Third Bancorp Price Performance

NASDAQ FITBI traded down $0.06 during trading hours on Thursday, reaching $25.61. The stock had a trading volume of 27,422 shares, compared to its average volume of 30,294. The stock has a fifty day moving average of $25.70 and a 200 day moving average of $25.68. Fifth Third Bancorp has a 52-week low of $24.75 and a 52-week high of $25.99.

Fifth Third Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th will be issued a $0.4777 dividend. This represents a $1.91 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, March 27th.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. As the parent company of Fifth Third Bank, it offers a wide array of banking and financial products to individuals, small businesses, corporations and governmental entities. Fifth Third Bancorp’s core mission is to provide deposit, lending and wealth management solutions that cater to the evolving needs of its customers.

The company’s principal offerings include consumer and commercial banking services such as checking and savings accounts, home mortgages, credit cards, and installment loans.