WesBanco, Inc. (NASDAQ:WSBCP) Sees Large Decrease in Short Interest

WesBanco, Inc. (NASDAQ:WSBCP) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 3,900 shares, a decline of 13.3% from the February 13th total of 4,500 shares. Based on an average trading volume of 7,300 shares, the days-to-cover ratio is presently 0.5 days.

WesBanco Stock Performance

NASDAQ WSBCP opened at $25.25 on Thursday. WesBanco has a 12 month low of $23.70 and a 12 month high of $25.60. The company’s 50-day moving average price is $25.23 and its 200-day moving average price is $25.18.

Institutional Investors Weigh In On WesBanco

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. increased its holdings in WesBanco, Inc. (NASDAQ:WSBCP) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,906 shares of the company’s stock after buying an additional 400 shares during the period. Wesbanco Bank Inc.’s holdings in WesBanco were worth $826,000 as of its most recent filing with the Securities & Exchange Commission.

About WesBanco

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.