Short Interest in Busey Financial Corporation (NASDAQ:BUSEP) Drops By 44.1%

Busey Financial Corporation (NASDAQ:BUSEP) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 11,524 shares, a drop of 44.1% from the February 26th total of 20,597 shares. Based on an average trading volume of 13,489 shares, the days-to-cover ratio is currently 0.9 days.

Busey Financial Price Performance

Shares of Busey Financial stock traded down $0.06 during trading hours on Friday, hitting $25.55. The company’s stock had a trading volume of 5,677 shares, compared to its average volume of 21,459. The business has a 50 day moving average price of $25.99 and a two-hundred day moving average price of $25.76. Busey Financial has a 12-month low of $24.70 and a 12-month high of $26.65.

Busey Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were issued a $0.5156 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.06 dividend on an annualized basis and a yield of 8.1%.

Busey Financial Corporation (NASDAQ: BUSEP) is a diversified financial services holding company headquartered in Champaign, Illinois. It operates primarily through its banking subsidiary, Busey Bank, offering a range of financial solutions to consumer, business and institutional clients. The company focuses on community-driven banking with local decision-making and personalized service models.

The company’s main business activities include commercial lending, consumer deposit accounts, treasury and cash management services, and mortgage origination.