Short Interest in Fifth Third Bancorp (NASDAQ:FITBO) Grows By 500.0%

Fifth Third Bancorp (NASDAQ:FITBO) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 21,000 shares, an increase of 500.0% from the March 31st total of 3,500 shares. Based on an average daily volume of 14,300 shares, the days-to-cover ratio is currently 1.5 days.

Fifth Third Bancorp Stock Performance

FITBO stock traded down $0.23 during midday trading on Thursday, hitting $21.80. 5,307 shares of the stock were exchanged, compared to its average volume of 13,670. The stock’s 50-day moving average price is $22.95 and its 200-day moving average price is $22.22. Fifth Third Bancorp has a fifty-two week low of $17.58 and a fifty-two week high of $23.99.

Fifth Third Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Thursday, March 28th were issued a dividend of $0.3094 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.24 annualized dividend and a yield of 5.68%.

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.