Short Interest in Huntington Bancshares Incorporated (NASDAQ:HBANL) Grows By 7.1%

Huntington Bancshares Incorporated (NASDAQ:HBANL) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 46,700 shares, an increase of 7.1% from the August 15th total of 43,600 shares. Based on an average trading volume of 20,500 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Inflows and Outflows

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) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $25,000.

Huntington Bancshares Trading Up 0.3 %

Shares of HBANL stock traded up $0.07 on Wednesday, hitting $25.85. 45,384 shares of the stock traded hands, compared to its average volume of 28,022. The firm’s 50-day moving average price is $25.22 and its two-hundred day moving average price is $24.93. Huntington Bancshares has a twelve month low of $20.77 and a twelve month high of $25.95.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a $0.4298 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.72 dividend on an annualized basis and a yield of 6.65%.

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.