Huntington Bancshares Incorporated (NASDAQ:HBANL) Sees Large Growth in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANL) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 47,000 shares, an increase of 197.5% from the October 15th total of 15,800 shares. Based on an average daily volume of 26,500 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On Huntington Bancshares

A hedge fund recently bought a new stake in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBANL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $25,000.

Huntington Bancshares Trading Down 1.4 %

Huntington Bancshares stock traded down $0.36 during midday trading on Tuesday, reaching $25.94. The stock had a trading volume of 21,178 shares, compared to its average volume of 27,985. Huntington Bancshares has a twelve month low of $22.57 and a twelve month high of $26.54. The firm’s fifty day simple moving average is $25.91 and its two-hundred day simple moving average is $25.31.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be paid a dividend of $0.4298 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.72 annualized dividend and a dividend yield of 6.63%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.