Short Interest in WesBanco, Inc. (NASDAQ:WSBCP) Drops By 40.4%

Posted by ABMN Staff on Dec 27th, 2024

WesBanco, Inc. (NASDAQ:WSBCP – Get Free Report) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 5,600 shares, a decline of 40.4% from the November 30th total of 9,400 shares. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of WesBanco

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. grew its stake in WesBanco, Inc. (NASDAQ:WSBCP – Free Report) by 2.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 32,506 shares of the company’s stock after acquiring an additional 700 shares during the period. Wesbanco Bank Inc.’s holdings in WesBanco were worth $813,000 as of its most recent filing with the SEC.

WesBanco Stock Performance

Shares of WesBanco stock opened at $25.19 on Friday. WesBanco has a 1-year low of $23.65 and a 1-year high of $25.49. The stock’s 50 day simple moving average is $25.19 and its 200-day simple moving average is $24.98.

WesBanco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 15th. Shareholders of record on Saturday, February 1st will be issued a $0.4219 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.69 annualized dividend and a yield of 6.70%.

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.