Short Interest in WesBanco, Inc. (NASDAQ:WSBCP) Drops By 38.5%

WesBanco, Inc. (NASDAQ:WSBCP) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 800 shares, a decline of 38.5% from the August 15th total of 1,300 shares. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WesBanco stock. Iat Reinsurance Co. LTD. acquired a new stake in WesBanco, Inc. (NASDAQ:WSBCP) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,000 shares of the company’s stock, valued at approximately $1,011,000.

WesBanco Stock Performance

WSBCP opened at $25.22 on Wednesday. WesBanco has a 1-year low of $24.42 and a 1-year high of $25.60. The firm has a 50-day moving average price of $25.25 and a two-hundred day moving average price of $25.20.

WesBanco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.4219 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.69 annualized dividend and a yield of 6.7%.

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.