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

WesBanco, Inc. (NASDAQ:WSBCP) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 6,700 shares, a growth of 28.8% from the October 15th total of 5,200 shares. Based on an average daily trading volume, of 10,200 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. increased its stake in shares of WesBanco, Inc. (NASDAQ:WSBCP) by 25.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,806 shares of the company’s stock after acquiring 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 Trading Up 0.2 %

Shares of NASDAQ:WSBCP opened at $25.15 on Friday. The firm’s 50 day simple moving average is $25.14 and its 200 day simple moving average is $24.83. WesBanco has a fifty-two week low of $23.00 and a fifty-two week high of $25.49.

WesBanco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a yield of 6.71%. The ex-dividend date of this dividend is Friday, November 1st.

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.