Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Up 25.8% in March

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 18,220 shares, an increase of 25.8% from the March 15th total of 14,480 shares. Based on an average daily trading volume, of 43,386 shares, the short-interest ratio is currently 0.4 days.

Fifth Third Bancorp Stock Down 0.1%

Shares of FITBI stock traded down $0.03 during trading hours on Thursday, reaching $25.31. 17,378 shares of the company traded hands, compared to its average volume of 36,062. Fifth Third Bancorp has a 12-month low of $25.05 and a 12-month high of $25.99. The firm has a 50-day moving average price of $25.59 and a 200 day moving average price of $25.63.

Fifth Third Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were given a dividend of $0.4777 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Friday, March 27th.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. As the parent company of Fifth Third Bank, it offers a wide array of banking and financial products to individuals, small businesses, corporations and governmental entities. Fifth Third Bancorp’s core mission is to provide deposit, lending and wealth management solutions that cater to the evolving needs of its customers.

The company’s principal offerings include consumer and commercial banking services such as checking and savings accounts, home mortgages, credit cards, and installment loans.