WesBanco, Inc. (NASDAQ:WSBCP) Short Interest Up 294.1% in April

WesBanco, Inc. (NASDAQ:WSBCP) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 6,700 shares, an increase of 294.1% from the March 31st total of 1,700 shares. Based on an average daily trading volume, of 26,600 shares, the short-interest ratio is currently 0.3 days.

WesBanco Trading Down 1.3 %

Shares of WSBCP stock opened at $23.99 on Friday. WesBanco has a fifty-two week low of $17.35 and a fifty-two week high of $24.77. The stock has a 50 day simple moving average of $23.93 and a two-hundred day simple moving average of $23.76.

WesBanco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.4219 dividend. This is a boost from WesBanco’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, April 30th. This represents a $1.69 annualized dividend and a yield of 7.03%.

Institutional Trading of WesBanco

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. grew its position in shares of WesBanco, Inc. (NASDAQ:WSBCP) by 8.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,351 shares of the company’s stock after acquiring an additional 1,972 shares during the quarter. Wesbanco Bank Inc.’s holdings in WesBanco were worth $605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

WesBanco Company Profile

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.