Short Interest in Fifth Third Bancorp (NASDAQ:FITBI) Increases By 98.0%

Fifth Third Bancorp (NASDAQ:FITBI) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 40,400 shares, a growth of 98.0% from the December 15th total of 20,400 shares. Based on an average daily trading volume, of 34,300 shares, the short-interest ratio is presently 1.2 days.

Fifth Third Bancorp Stock Up 0.3 %

Shares of FITBI traded up $0.08 during mid-day trading on Tuesday, hitting $25.43. 14,071 shares of the company traded hands, compared to its average volume of 29,346. The stock has a 50-day moving average price of $25.64 and a two-hundred day moving average price of $25.71. Fifth Third Bancorp has a 1 year low of $25.12 and a 1 year high of $26.25.

Fifth Third Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were issued a dividend of $0.5479 per share. The ex-dividend date was Friday, December 27th. This represents a $2.19 annualized dividend and a dividend yield of 8.62%.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.