Short Interest in Huntington Bancshares Incorporated (NASDAQ:HBANL) Drops By 65.9%

Huntington Bancshares Incorporated (NASDAQ:HBANL) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 15,800 shares, a decline of 65.9% from the September 30th total of 46,300 shares. Based on an average daily volume of 26,900 shares, the days-to-cover ratio is presently 0.6 days.

Huntington Bancshares Stock Up 0.1 %

Shares of NASDAQ HBANL traded up $0.03 during mid-day trading on Friday, hitting $26.03. The company’s stock had a trading volume of 20,446 shares, compared to its average volume of 27,996. Huntington Bancshares has a one year low of $21.41 and a one year high of $26.35. The company’s fifty day simple moving average is $25.76 and its 200-day simple moving average is $25.17.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be paid a $0.4298 dividend. This represents a $1.72 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend is Tuesday, December 31st.

Institutional Trading of Huntington Bancshares

An institutional investor recently bought a new position in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBANL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,000 shares of the company’s stock, valued at approximately $25,000.

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.