Busey Financial Corporation (NASDAQ:BUSEP) Sees Large Drop in Short Interest

Busey Financial Corporation (NASDAQ:BUSEP) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 2,325 shares, a decrease of 76.0% from the September 15th total of 9,680 shares. Based on an average daily volume of 13,120 shares, the days-to-cover ratio is currently 0.2 days.

Busey Financial Stock Performance

NASDAQ BUSEP traded down $0.17 on Monday, reaching $25.14. The company had a trading volume of 5,568 shares, compared to its average volume of 16,479. Busey Financial has a fifty-two week low of $25.03 and a fifty-two week high of $26.65. The business has a 50 day moving average of $25.80 and a two-hundred day moving average of $25.78.

Busey Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend was Monday, August 17th.

Busey Financial is a financial services organization associated with Busey Bank and the broader Busey banking franchise. Its principal activities include commercial and consumer banking, wealth management, mortgage lending and payment technology services. The organization serves individuals, families, businesses and institutions through a range of deposit, lending, investment and treasury-management products.

Busey Bank provides checking and savings accounts, certificates of deposit, residential and commercial real estate loans, business financing, agricultural lending, personal loans and online banking services.