Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Up 50.0% in December

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 20,400 shares, an increase of 50.0% from the November 30th total of 13,600 shares. Based on an average daily volume of 32,800 shares, the short-interest ratio is presently 0.6 days.

Fifth Third Bancorp Stock Performance

Shares of FITBI traded down $0.09 during mid-day trading on Monday, hitting $25.30. 19,810 shares of the company traded hands, compared to its average volume of 30,441. The business has a 50 day moving average of $25.68 and a 200 day moving average of $25.75. Fifth Third Bancorp has a 1-year low of $25.04 and a 1-year high of $26.25.

Fifth Third Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th will be paid a dividend of $0.5479 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.19 annualized dividend and a dividend yield of 8.66%.

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.