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

Busey Financial Corporation (NASDAQ:BUSEP) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 47,955 shares, an increase of 105.3% from the June 15th total of 23,358 shares. Based on an average daily volume of 20,699 shares, the short-interest ratio is presently 2.3 days.

Busey Financial Stock Up 0.1%

BUSEP traded up $0.02 during trading on Wednesday, reaching $25.92. The company had a trading volume of 892 shares, compared to its average volume of 19,308. Busey Financial has a 52 week low of $25.00 and a 52 week high of $26.65. The business has a 50 day simple moving average of $25.73 and a 200-day simple moving average of $25.85.

Busey Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a $0.5156 dividend. This represents a $2.06 annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Friday, May 15th.

Busey Financial Corporation (NASDAQ: BUSEP) is a diversified financial services holding company headquartered in Champaign, Illinois. It operates primarily through its banking subsidiary, Busey Bank, offering a range of financial solutions to consumer, business and institutional clients. The company focuses on community-driven banking with local decision-making and personalized service models.

The company’s main business activities include commercial lending, consumer deposit accounts, treasury and cash management services, and mortgage origination.