Short Interest in WesBanco, Inc. (NASDAQ:WSBCP) Declines By 26.7%

WesBanco, Inc. (NASDAQ:WSBCP – Get Rating) was the target of a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 4,400 shares, a drop of 26.7% from the December 15th total of 6,000 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is currently 0.4 days.

WesBanco Stock Performance

Shares of NASDAQ WSBCP opened at $25.71 on Thursday. WesBanco has a 12-month low of $24.50 and a 12-month high of $28.60. The business has a 50 day moving average of $25.32.

Institutional Trading of WesBanco

A hedge fund recently raised its stake in WesBanco stock. Wesbanco Bank Inc. raised its holdings in shares of WesBanco, Inc. (NASDAQ:WSBCP – Get Rating) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,079 shares of the company’s stock after acquiring an additional 925 shares during the period. Wesbanco Bank Inc.’s holdings in WesBanco were worth $656,000 as of its most recent SEC filing.

About WesBanco

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WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. It operates in two segments, Community Banking, and Trust and Investment Services. The company offers commercial demand, individual demand, and time deposit accounts; money market accounts; interest bearing and non-interest bearing demand deposits, as well as savings deposits; and certificates of deposit.