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

WesBanco, Inc. (NASDAQ:WSBCP) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 11,300 shares, a growth of 68.7% from the October 31st total of 6,700 shares. Based on an average trading volume of 9,400 shares, the short-interest ratio is presently 1.2 days.

WesBanco Price Performance

Shares of NASDAQ:WSBCP opened at $25.14 on Thursday. WesBanco has a 52-week low of $23.19 and a 52-week high of $25.49. The stock has a 50 day moving average price of $25.18 and a 200-day moving average price of $24.89.

WesBanco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.4219 dividend. This represents a $1.69 annualized dividend and a dividend yield of 6.71%. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. raised its holdings in shares of WesBanco, Inc. (NASDAQ:WSBCP) by 25.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,806 shares of the company’s stock after purchasing an additional 6,455 shares during the period. Wesbanco Bank Inc.’s holdings in WesBanco were worth $776,000 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.