Fulton Financial Co. (NASDAQ:FULTP) Sees Significant Drop in Short Interest

Fulton Financial Co. (NASDAQ:FULTP) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,048 shares, a decrease of 75.6% from the June 30th total of 12,517 shares. Based on an average daily volume of 18,429 shares, the short-interest ratio is presently 0.2 days.

Fulton Financial Price Performance

Shares of Fulton Financial stock traded up $0.08 on Friday, reaching $18.23. The company had a trading volume of 18,919 shares, compared to its average volume of 11,822. The firm’s 50-day moving average price is $18.25 and its two-hundred day moving average price is $18.51. Fulton Financial has a 1 year low of $17.68 and a 1 year high of $20.83.

Fulton Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.3203 per share. This represents a $1.28 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Tuesday, June 30th.

Fulton Financial Company Profile

Fulton Financial Corporation (NASDAQ:FULTP) is a diversified financial services holding company headquartered in Lancaster, Pennsylvania. Through its primary banking subsidiary, Fulton Bank, N.A., the company delivers a broad range of retail and commercial banking products, including deposit accounts, consumer and commercial loans, treasury and cash management solutions, and mortgage origination services.

In addition to traditional banking, Fulton Financial offers wealth management and brokerage services, as well as insurance and leasing products designed to meet the needs of individuals, businesses, and municipalities.