Short Interest in Huntington Bancshares Incorporated (NASDAQ:HBANM) Increases By 98.8%

Huntington Bancshares Incorporated (NASDAQ:HBANM) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 2,638 shares, a growth of 98.8% from the March 15th total of 1,327 shares. Based on an average daily volume of 11,622 shares, the days-to-cover ratio is presently 0.2 days.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBANM traded down $0.02 during trading hours on Monday, hitting $21.76. The stock had a trading volume of 7,110 shares, compared to its average volume of 11,029. The stock’s fifty day simple moving average is $22.50 and its 200 day simple moving average is $22.63. Huntington Bancshares has a 1-year low of $21.07 and a 1-year high of $24.04.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a $0.3563 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.43 annualized dividend and a dividend yield of 6.5%.

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.