Short Interest in Fifth Third Bancorp (NASDAQ:FITBI) Increases By 18.0%

Fifth Third Bancorp (NASDAQ:FITBI) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 20,300 shares, a growth of 18.0% from the January 15th total of 17,200 shares. Based on an average daily volume of 34,500 shares, the days-to-cover ratio is presently 0.6 days.

Fifth Third Bancorp Stock Performance

Shares of FITBI stock opened at $26.25 on Monday. The firm has a fifty day simple moving average of $25.75 and a 200-day simple moving average of $25.72. Fifth Third Bancorp has a twelve month low of $25.12 and a twelve month high of $26.25.

Fifth Third Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were paid a dividend of $0.5479 per share. The ex-dividend date was Friday, December 27th. This represents a $2.19 dividend on an annualized basis and a yield of 8.35%.

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.