Huntington Bancshares Incorporated (NASDAQ:HBANP) Short Interest Up 5.5% in August

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 short-interest ratio is presently 0.2 days.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBANP opened at $20.29 on Thursday. The company has a 50-day moving average price of $18.63 and a 200 day moving average price of $18.37. Huntington Bancshares has a 52 week low of $13.71 and a 52 week high of $20.42.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.2813 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.13 dividend on an annualized basis and a dividend yield of 5.54%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Huntington Bancshares stock. OLD Point Trust & Financial Services N A acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBANP) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,000 shares of the company’s stock, valued at approximately $35,000.

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.