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Fifth Third Bancorp (NASDAQ:FITB) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 13,363,505 shares, a decrease of 25.7% from the July 31st total of 17,981,836 shares, American Banking reports. Based on an average daily volume of 7,144,552 shares, the short-interest ratio is currently 1.9 days. Approximately 1.6% of the company’s stock are sold short.

A number of analysts have recently weighed in on FITB shares. Analysts at Macquarie reiterated a “neutral” rating on shares of Fifth Third Bancorp in a research note on Monday, July 21st. They now have a $22.00 price target on the stock, down previously from $23.00. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Fifth Third Bancorp from $24.00 to $22.00 in a research note on Monday, July 21st. Finally, analysts at Robert W. Baird upgraded shares of Fifth Third Bancorp from a “neutral” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $23.00 price target on the stock, up previously from $22.00. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $22.86.

Fifth Third Bancorp (NASDAQ:FITB) opened at 20.405 on Tuesday. Fifth Third Bancorp has a one year low of $17.49 and a one year high of $23.90. The stock has a 50-day moving average of $20.37 and a 200-day moving average of $21.24. The company has a market cap of $17.023 billion and a price-to-earnings ratio of 11.62.

Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Thursday, July 17th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.06. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. Analysts expect that Fifth Third Bancorp will post $1.72 EPS for the current fiscal year.

Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company.

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