Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Down 57.1% in April

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 7,823 shares, a drop of 57.1% from the March 31st total of 18,220 shares. Based on an average trading volume of 47,485 shares, the short-interest ratio is currently 0.2 days.

Fifth Third Bancorp Stock Performance

Shares of FITBI stock traded up $0.01 during trading hours on Friday, hitting $25.34. 22,992 shares of the company were exchanged, compared to its average volume of 35,846. Fifth Third Bancorp has a fifty-two week low of $25.05 and a fifty-two week high of $25.99. The company has a 50 day simple moving average of $25.54 and a two-hundred day simple moving average of $25.62.

Fifth Third Bancorp Cuts Dividend

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

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.