Wintrust Financial Co. (NASDAQ:WTFCM) Sees Large Growth in Short Interest

Wintrust Financial Co. (NASDAQ:WTFCM) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 4,600 shares, an increase of 70.4% from the October 15th total of 2,700 shares. Based on an average daily volume of 10,200 shares, the days-to-cover ratio is presently 0.5 days.

Wintrust Financial Stock Performance

Shares of WTFCM opened at $25.18 on Thursday. The company’s fifty day simple moving average is $25.09 and its 200 day simple moving average is $24.69. Wintrust Financial has a 1-year low of $21.40 and a 1-year high of $25.50.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st will be paid a $0.41 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 annualized dividend and a yield of 6.51%.

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.