Fifth Third Bancorp (NASDAQ:FITBP) Sees Significant Growth in Short Interest

Fifth Third Bancorp (NASDAQ:FITBP) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 8,100 shares, an increase of 68.8% from the May 15th total of 4,800 shares. Based on an average daily volume of 13,300 shares, the days-to-cover ratio is presently 0.6 days.

Fifth Third Bancorp Stock Performance

Shares of NASDAQ:FITBP opened at $23.46 on Friday. The business has a fifty day moving average of $23.64 and a two-hundred day moving average of $24.28. Fifth Third Bancorp has a 52-week low of $21.01 and a 52-week high of $25.55.

Fifth Third Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 28th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend was Wednesday, March 27th.

About Fifth Third Bancorp

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.