WesBanco, Inc. (NASDAQ:WSBCP) Short Interest Up 187.5% in July

WesBanco, Inc. (NASDAQ:WSBCP) was the recipient of a significant 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 short-interest ratio is presently 1.4 days.

WesBanco Price Performance

WSBCP stock traded up $0.32 during trading on Friday, reaching $25.49. 4,984 shares of the stock traded hands, compared to its average volume of 14,958. The business’s 50 day moving average price is $24.66 and its 200-day moving average price is $24.30. WesBanco has a 52-week low of $22.00 and a 52-week high of $25.49.

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 given a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date is Thursday, August 1st.

Institutional Investors Weigh In On WesBanco

An institutional investor recently raised its position in WesBanco stock. Wesbanco Bank Inc. lifted its stake in WesBanco, Inc. (NASDAQ:WSBCP) by 25.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,806 shares of the company’s stock after buying an additional 6,455 shares during the period. Wesbanco Bank Inc.’s holdings in WesBanco were worth $776,000 as of its most recent SEC filing.

WesBanco Company Profile

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.