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

WesBanco, Inc. (NASDAQ:WSBCP) was the target of a large growth in short interest in 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 volume of 10,200 shares, the days-to-cover ratio is currently 0.7 days.

WesBanco Stock Up 0.2 %

Shares of WSBCP opened at $25.20 on Friday. The firm’s 50 day moving average is $25.15 and its 200-day moving average is $24.84. WesBanco has a 12 month low of $23.00 and a 12 month high of $25.49.

WesBanco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a yield of 6.70%. 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 stake in shares of WesBanco, Inc. (NASDAQ:WSBCP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,600 shares of the company’s stock, valued at approximately $88,000.

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.