Short Interest in Wintrust Financial Co. (NASDAQ:WTFCM) Drops By 71.2%

Wintrust Financial Co. (NASDAQ:WTFCM) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 10,500 shares, a decrease of 71.2% from the August 15th total of 36,400 shares. Based on an average trading volume of 15,300 shares, the short-interest ratio is currently 0.7 days.

Wintrust Financial Stock Performance

NASDAQ:WTFCM traded down $0.05 on Thursday, reaching $25.08. 3,136 shares of the stock traded hands, compared to its average volume of 14,524. Wintrust Financial has a 1-year low of $20.46 and a 1-year high of $25.18. The company’s 50 day moving average is $24.53 and its 200-day moving average is $24.19.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.64 annualized dividend and a dividend yield of 6.54%.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.