What’s Next for Wesbanco Inc (NASDAQ:WSBC) After Having More Shares Shorted?

July 16, 2018 - By Ash Maslow

WesBanco, Inc. (NASDAQ:WSBC) Logo

Investors sentiment decreased to 1 in Q1 2018. Its down 0.50, from 1.5 in 2017Q4. It is negative, as 16 investors sold WesBanco, Inc. shares while 42 reduced holdings. 17 funds opened positions while 41 raised stakes. 26.35 million shares or 2.47% more from 25.72 million shares in 2017Q4 were reported.
136,658 are owned by Bridgeway. Vanguard Gru reported 3.72M shares stake. Barclays Public Limited Liability Company reported 8,766 shares. Aperio Group Incorporated owns 9,583 shares. Fmr Limited Liability Corporation holds 1.23 million shares or 0.01% of its portfolio. American Gru holds 26,921 shares or 0% of its portfolio. Earnest Prtnrs Llc invested 0.7% in WesBanco, Inc. (NASDAQ:WSBC). Strs Ohio has 0% invested in WesBanco, Inc. (NASDAQ:WSBC) for 25,900 shares. Waldron Lp reported 13,021 shares or 0.12% of all its holdings. Renaissance Technologies Limited Liability Company holds 0.02% or 397,973 shares in its portfolio. Ledyard Financial Bank has 0.09% invested in WesBanco, Inc. (NASDAQ:WSBC). Carroll Financial accumulated 251 shares. Voya Investment Llc invested in 18,362 shares or 0% of the stock. Mackay Shields Ltd Liability owns 79,242 shares for 0.02% of their portfolio. Cambridge Rech Advsrs Inc reported 0% in WesBanco, Inc. (NASDAQ:WSBC).

The stock of Wesbanco Inc (NASDAQ:WSBC) registered an increase of 14.83% in short interest. WSBC’s total short interest was 1.27 million shares in July as published by FINRA. Its up 14.83% from 1.11 million shares, reported previously. With 208,800 shares average volume, it will take short sellers 6 days to cover their WSBC’s short positions. The short interest to Wesbanco Inc’s float is 3.13%.

The stock increased 0.75% or $0.34 during the last trading session, reaching $45.53. About 19,680 shares traded. WesBanco, Inc. (NASDAQ:WSBC) has risen 23.20% since July 16, 2017 and is uptrending. It has outperformed by 10.63% the S&P500.

WesBanco, Inc. operates as the holding firm for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. The company has market cap of $2.12 billion. It operates in two divisions, Community Banking, and Trust and Investment Services. It has a 19.71 P/E ratio. The firm 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.

WesBanco, Inc. (NASDAQ:WSBC) Ratings Coverage

Among 3 analysts covering WesBanco Inc (NASDAQ:WSBC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. WesBanco Inc had 4 analyst reports since February 26, 2018 according to SRatingsIntel. The firm has “Buy” rating by Stephens given on Thursday, April 19. The stock of WesBanco, Inc. (NASDAQ:WSBC) earned “Hold” rating by Keefe Bruyette & Woods on Monday, February 26. Keefe Bruyette & Woods maintained the shares of WSBC in report on Monday, April 23 with “Hold” rating. The rating was maintained by FBR Capital on Tuesday, June 19 with “Neutral”.

More news for WesBanco, Inc. (NASDAQ:WSBC) were recently published by: Seekingalpha.com, which released: “Merger Arbitrage Mondays – July 16, 2018” on July 16, 2018. Nasdaq.com‘s article titled: “Market Trends Toward New Normal in Altria Group, WesBanco, NVR, Investors Real Estate Trust, Kaman, and Hostess …” and published on June 25, 2018 is yet another important article.

WesBanco, Inc. (NASDAQ:WSBC) Institutional Positions Chart

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