WesBanco Sees 191% Surge in Short Interest During July

WesBanco, Inc. (NASDAQ:WSBC) Experiences a Surge in Short Positions During July In July, WesBanco, Inc. saw a significant increase in short interest, with the number of shares sold short rising sharply. As of mid-July, short interest reached approximately 1.91 million shares, marking a 191.4% increase from the end of June, when short positions totaled around 655,500 shares. Given an average trading volume of about 538,600 shares, the current short interest ratio stands at 3.5 days, representing roughly 2% of the company's outstanding shares being shorted. On the trading front, WSBC opened at $29.51 and showed some decline, down 2.1% during the trading session. Financially, WesBanco maintains a current ratio of 0.93, a quick ratio of 0.91, and a debt-to-equity ratio of 0.50. The stock's 12-month low is $26.42, while its high is $37.36. With a market capitalization of approximately $2.82 billion, the stock trades at a P/E ratio of 17.78 and has a beta of 0.87. The 50-day and 200-day moving averages are close, at $31.64 and $31.86, respectively. The company's latest quarterly earnings, released in late July, reported earnings per share of $0.91, surpassing analyst estimates of $0.8...