Fifth Third Bancorp (NASDAQ:FITBO) Sees Significant Increase in Short Interest

Fifth Third Bancorp (NASDAQ:FITBO) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 53,600 shares, an increase of 358.1% from the October 15th total of 11,700 shares. Based on an average trading volume of 27,000 shares, the short-interest ratio is presently 2.0 days.

Fifth Third Bancorp Stock Down 0.6 %

Shares of NASDAQ:FITBO traded down $0.13 during midday trading on Wednesday, hitting $23.46. The stock had a trading volume of 28,972 shares, compared to its average volume of 22,179. The stock has a 50 day moving average price of $23.04 and a two-hundred day moving average price of $21.59. Fifth Third Bancorp has a 1 year low of $19.28 and a 1 year high of $24.15.

Fifth Third Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.3094 dividend. This represents a $1.24 annualized dividend and a dividend yield of 5.28%. The ex-dividend date was Thursday, September 26th.

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.