Short Interest in Huntington Bancshares Incorporated (NASDAQ:HBANP) Grows By 5.5%

Huntington Bancshares Incorporated (NASDAQ:HBANP) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 7,700 shares, an increase of 5.5% from the August 15th total of 7,300 shares. Based on an average daily volume of 37,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On 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 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,000 shares of the company’s stock, valued at approximately $35,000.

Huntington Bancshares Price Performance

NASDAQ HBANP opened at $20.28 on Tuesday. Huntington Bancshares has a 1 year low of $13.71 and a 1 year high of $20.28. The business’s 50-day moving average is $18.58 and its 200 day moving average is $18.36.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a $0.2813 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.13 annualized dividend and a dividend yield of 5.55%.

About Huntington Bancshares

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.