Short Interest in WesBanco, Inc. (NASDAQ:WSBCP) Rises By 187.5%

WesBanco, Inc. (NASDAQ:WSBCP) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 6,900 shares, an increase of 187.5% from the June 30th total of 2,400 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is presently 1.4 days.

WesBanco Stock Performance

NASDAQ WSBCP remained flat at $25.12 on Thursday. The company’s stock had a trading volume of 463 shares, compared to its average volume of 15,025. The stock’s 50 day moving average price is $24.64 and its two-hundred day moving average price is $24.29. WesBanco has a 52-week low of $22.00 and a 52-week high of $25.18.

WesBanco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date is Thursday, August 1st.

Hedge Funds Weigh In On WesBanco

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. raised its position in shares of WesBanco, Inc. (NASDAQ:WSBCP) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,351 shares of the company’s stock after purchasing an additional 1,972 shares during the quarter. Wesbanco Bank Inc.’s holdings in WesBanco were worth $605,000 as of its most recent SEC filing.

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.