WesBanco, Inc. (NASDAQ:WSBCP) Sees Large Drop in Short Interest

WesBanco, Inc. (NASDAQ:WSBCP) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 9,400 shares, a decrease of 16.8% from the November 15th total of 11,300 shares. Based on an average daily trading volume, of 10,000 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WesBanco stock. Wesbanco Bank Inc. increased its stake in shares of WesBanco, Inc. (NASDAQ:WSBCP) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,506 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Wesbanco Bank Inc.’s holdings in WesBanco were worth $813,000 at the end of the most recent quarter.

WesBanco Stock Performance

NASDAQ:WSBCP opened at $25.25 on Friday. The stock has a 50-day moving average price of $25.20 and a 200 day moving average price of $24.95. WesBanco has a 12-month low of $23.65 and a 12-month high of $25.49.

WesBanco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date was Friday, November 1st.

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.