Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Up 104.6% in June

Fifth Third Bancorp (NASDAQ:FITBI) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 31,100 shares, a growth of 104.6% from the May 31st total of 15,200 shares. Based on an average trading volume of 31,500 shares, the days-to-cover ratio is presently 1.0 days.

Fifth Third Bancorp Stock Performance

FITBI opened at $25.36 on Friday. The company has a fifty day moving average price of $25.67 and a 200-day moving average price of $25.57. Fifth Third Bancorp has a one year low of $24.11 and a one year high of $26.25.

Fifth Third Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 27th will be given a $0.586 dividend. This represents a $2.34 annualized dividend and a dividend yield of 9.24%. The ex-dividend date of this dividend is Thursday, June 27th.

Fifth Third Bancorp Company Profile

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.