WesBanco, Inc. (NASDAQ:WSBCP) Short Interest Up 68.7% in November

Posted by Anthony Bellafiore on Nov 30th, 2024

WesBanco, Inc. (NASDAQ:WSBCP – Get Free Report) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 11,300 shares, an increase of 68.7% from the October 31st total of 6,700 shares. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is presently 1.2 days.

WesBanco Price Performance

Shares of WesBanco stock opened at $25.29 on Friday. The business has a fifty day simple moving average of $25.19 and a two-hundred day simple moving average of $24.90. WesBanco has a 12 month low of $23.30 and a 12 month high of $25.49.

WesBanco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Trading of WesBanco

An institutional investor recently bought a new position in WesBanco stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in WesBanco, Inc. (NASDAQ:WSBCP – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,600 shares of the company’s stock, valued at approximately $88,000.

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.