WesBanco, Inc. (NASDAQ:WSBCP) Short Interest Update

WesBanco, Inc. (NASDAQ:WSBCP) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 2,100 shares, a drop of 69.6% from the July 15th total of 6,900 shares. Based on an average daily trading volume, of 5,300 shares, the short-interest ratio is currently 0.4 days.

WesBanco Price Performance

NASDAQ WSBCP traded down $0.10 during trading on Wednesday, reaching $24.72. The company’s stock had a trading volume of 819 shares, compared to its average volume of 14,438. The firm has a fifty day moving average of $24.74 and a 200 day moving average of $24.36. WesBanco has a one year low of $22.00 and a one year high of $25.49.

WesBanco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a $0.4219 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.69 annualized dividend and a yield of 6.83%.

Hedge Funds Weigh In On WesBanco

An institutional investor recently raised its position in WesBanco stock. Wesbanco Bank Inc. increased its holdings in WesBanco, Inc. (NASDAQ:WSBCP) by 25.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 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.