Short Interest in Fifth Third Bancorp (NASDAQ:FITBO) Drops By 30.3%

Fifth Third Bancorp (NASDAQ:FITBO) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 71,300 shares, a drop of 30.3% from the March 15th total of 102,300 shares. Based on an average daily volume of 23,300 shares, the short-interest ratio is currently 3.1 days.

Fifth Third Bancorp Stock Up 1.7 %

Shares of Fifth Third Bancorp stock traded up $0.35 during midday trading on Friday, reaching $20.67. 17,384 shares of the company’s stock traded hands, compared to its average volume of 25,534. Fifth Third Bancorp has a 52 week low of $19.28 and a 52 week high of $24.15. The company’s 50 day simple moving average is $21.91 and its 200 day simple moving average is $22.39.

Fifth Third Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.3094 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.24 annualized dividend and a dividend yield of 5.99%.

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.