WesBanco, Inc. (NASDAQ:WSBCP) Short Interest Update

WesBanco, Inc. (NASDAQ:WSBCP) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,100 shares, a drop of 47.5% from the December 31st total of 5,900 shares. Based on an average daily trading volume, of 10,000 shares, the days-to-cover ratio is currently 0.3 days.

WesBanco Price Performance

Shares of WesBanco stock opened at $25.59 on Friday. The business has a fifty day simple moving average of $25.27 and a two-hundred day simple moving average of $25.13. WesBanco has a 12 month low of $23.65 and a 12 month high of $25.60.

WesBanco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 15th. Shareholders of record on Saturday, February 1st will be given a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a yield of 6.59%. The ex-dividend date is Friday, January 31st.

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 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,506 shares of the company’s stock after buying 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.

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.