Fulton Financial Co. (NASDAQ:FULTP) Sees Large Decrease in Short Interest

Fulton Financial Co. (NASDAQ:FULTP) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,949 shares, a drop of 45.3% from the July 30th total of 3,561 shares. Based on an average daily volume of 13,515 shares, the days-to-cover ratio is currently 0.1 days.

Fulton Financial Stock Performance

Shares of FULTP traded down $0.15 during trading hours on Friday, hitting $17.88. The stock had a trading volume of 3,904 shares, compared to its average volume of 12,199. The firm has a 50-day moving average price of $17.89 and a 200 day moving average price of $18.36. Fulton Financial has a fifty-two week low of $17.21 and a fifty-two week 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 issued a $0.3203 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a yield of 7.2%.

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.