Short Interest in Huntington Bancshares Incorporated (NASDAQ:HBANL) Rises By 603.2%

Huntington Bancshares Incorporated (NASDAQ:HBANL) saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 43,600 shares, a growth of 603.2% from the July 31st total of 6,200 shares. Based on an average daily volume of 21,400 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Huntington Bancshares

A hedge fund recently bought a new stake in Huntington Bancshares stock. Thompson Investment Management Inc. purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBANL) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,375 shares of the company’s stock, valued at approximately $34,000.

Huntington Bancshares Stock Up 0.4 %

NASDAQ HBANL opened at $25.54 on Thursday. The firm’s fifty day moving average price is $25.01 and its 200 day moving average price is $24.85. Huntington Bancshares has a 12 month low of $20.77 and a 12 month high of $25.67.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.4298 per share. This represents a $1.72 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Tuesday, October 1st.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.