Short Interest in Huntington Bancshares Incorporated (NASDAQ:HBANP) Drops By 78.7%

Huntington Bancshares Incorporated (NASDAQ:HBANP) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 2,000 shares, a decline of 78.7% from the May 31st total of 9,400 shares. Based on an average daily trading volume, of 34,300 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Huntington Bancshares

An institutional investor recently bought a new position in Huntington Bancshares stock. OLD Point Trust & Financial Services N A acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBANP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,000 shares of the company’s stock, valued at approximately $35,000.

Huntington Bancshares Stock Performance

Shares of HBANP stock traded down $0.23 during midday trading on Thursday, hitting $17.91. 29,007 shares of the company were exchanged, compared to its average volume of 35,203. The firm’s 50 day moving average price is $17.78 and its two-hundred day moving average price is $18.45. Huntington Bancshares has a 52 week low of $13.71 and a 52 week high of $19.92.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a $0.2813 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend is Monday, July 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.