Huntington Bancshares Incorporated (NASDAQ:HBAN) has shown a drop of 2.5% or 1,725,291 shares in the short positions. The bets have increased to 68,156,026 shares on June 15,2016 from 69,881,317 shares on May 31,2016. With respect to the floated shares, the shorts are 8.7%. The days to cover are calculated to be 6, using the standard per day volume of 11,937,303 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Huntington Bancshares Incorporated (NASDAQ:HBAN): The stock opened at $8.95 on Friday but the bulls could not build on the opening and the stock topped out at $9.00 for the day. The stock traded down to $8.61 during the day, due to lack of any buying support eventually closed down at $8.61 with a loss of -8.70% for the day. The stock had closed at $9.43 on the previous day. The total traded volume was 25,194,005 shares.
The company shares have dropped -23.13% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $11.90 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $9.95 and the 200 Day Moving Average price is recorded at $9.76.
Huntington Bancshares Incorporated (NASDAQ:HBAN) has tumbled 7.42% during the past week and has dropped 18.62% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.88%. Huntington Bancshares Incorporated (NASDAQ:HBAN) has underperformed the index by 16.16% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Huntington Bancshares Incorporated (Huntington) is a diversified regional bank holding company. The Company operates through its subsidiary, The Huntington National Bank (the Bank). It provides commercial, small business, consumer and mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. It operates in five segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. Its loan portfolio includes commercial and industrial, commercial real estate, construction CRE, automobile, home equity, residential mortgage and consumer loans/leases. The Bank has approximately 14 private client group offices and 715 branches, including 404 in Ohio, 43 in Indiana, 179 in Michigan, 31 in West Virginia, 48 in Pennsylvania and 10 in Kentucky.