WesBanco, Inc. (NASDAQ:WSBCP) Sees Significant Increase in Short Interest

WesBanco, Inc. (NASDAQ:WSBCP) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 5,300 shares, an increase of 20.5% from the August 15th total of 4,400 shares. Based on an average daily trading volume, of 6,800 shares, the short-interest ratio is currently 0.8 days.

WesBanco Stock Up 0.8 %

Shares of NASDAQ WSBCP opened at $24.96 on Monday. The stock has a fifty day simple moving average of $24.89 and a 200-day simple moving average of $24.46. WesBanco has a twelve month low of $22.32 and a twelve month high of $25.49.

WesBanco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.4219 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.69 annualized dividend and a dividend yield of 6.76%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WesBanco stock. Wesbanco Bank Inc. boosted its stake in shares of WesBanco, Inc. (NASDAQ:WSBCP) by 25.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,806 shares of the company’s stock after purchasing an additional 6,455 shares during the quarter. Wesbanco Bank Inc.’s holdings in WesBanco were worth $776,000 as of its most recent SEC filing.

WesBanco Company Profile

WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. The company operates through two segments, Community Banking, and Trust and Investment Services.