Short Interest in WesBanco, Inc. (NASDAQ:WSBCP) Increases By 294.1%

Posted by Chris Copeland on Apr 25th, 2024

WesBanco, Inc. (NASDAQ:WSBCP – Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 6,700 shares, a growth of 294.1% from the March 31st total of 1,700 shares. Based on an average trading volume of 26,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. increased its position in shares of WesBanco, Inc. (NASDAQ:WSBCP – Free Report) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,351 shares of the company’s stock after acquiring an additional 1,972 shares during the quarter. Wesbanco Bank Inc.’s holdings in WesBanco were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

WesBanco Trading Down 0.2 %

Shares of NASDAQ:WSBCP traded down $0.04 during midday trading on Thursday, hitting $24.26. The company had a trading volume of 14,537 shares, compared to its average volume of 22,957. WesBanco has a 12-month low of $17.35 and a 12-month high of $24.77. The company has a fifty day moving average of $23.93 and a two-hundred day moving average of $23.76.

WesBanco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a dividend yield of 6.96%. The ex-dividend date is Tuesday, April 30th. This is an increase from WesBanco’s previous quarterly dividend of $0.42.

WesBanco Company Profile

(Get Free Report)

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.