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

Fifth Third Bancorp (NASDAQ:FITBO) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 17,141 shares, a drop of 33.5% from the February 26th total of 25,793 shares. Based on an average trading volume of 19,743 shares, the days-to-cover ratio is currently 0.9 days.

Fifth Third Bancorp Stock Performance

NASDAQ:FITBO traded down $0.34 during trading hours on Friday, hitting $19.08. The company had a trading volume of 24,388 shares, compared to its average volume of 24,842. The stock has a 50-day moving average price of $19.74 and a 200 day moving average price of $20.02. Fifth Third Bancorp has a 52 week low of $19.06 and a 52 week high of $22.16.

Fifth Third Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th will be paid a dividend of $0.3094 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.5%.

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.