Huntington Bancshares Incorporated (NASDAQ:HBANP) Sees Large Increase in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANP) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 70,300 shares, a growth of 334.0% from the December 31st total of 16,200 shares. Based on an average daily trading volume, of 54,800 shares, the days-to-cover ratio is presently 1.3 days.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBANP traded up $0.13 during trading hours on Wednesday, hitting $18.37. 3,853 shares of the company traded hands, compared to its average volume of 56,829. The company’s 50 day moving average price is $18.35 and its 200 day moving average price is $19.00. Huntington Bancshares has a 12 month low of $17.05 and a 12 month high of $20.74.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.2813 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.13 annualized dividend and a dividend yield of 6.12%.

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.