Huntington Bancshares Incorporated (NASDAQ:HBANM) Sees Large Decline in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANM) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 5,655 shares, a decline of 31.2% from the January 15th total of 8,218 shares. Based on an average daily trading volume, of 10,877 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 10,877 shares, the days-to-cover ratio is currently 0.5 days.

Huntington Bancshares Trading Down 0.0%

HBANM traded down $0.01 during midday trading on Friday, reaching $22.97. 10,222 shares of the company’s stock traded hands, compared to its average volume of 13,064. The firm has a fifty day moving average of $22.43 and a two-hundred day moving average of $22.83. Huntington Bancshares has a 52 week low of $21.38 and a 52 week high of $24.04.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Sunday, February 15th will be issued a dividend of $0.3563 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, February 13th.

Wall Street Analyst Weigh In

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

Huntington Bancshares Company Profile

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.