Busey Financial Corporation (NASDAQ:BUSEP) Short Interest Up 105.3% in June

Busey Financial Corporation (NASDAQ:BUSEP) was the recipient of a large increase in short interest during 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 trading volume of 20,699 shares, the days-to-cover ratio is currently 2.3 days.

Busey Financial Price Performance

Shares of BUSEP traded down $0.01 during mid-day trading on Friday, hitting $25.93. 6,973 shares of the company’s stock were exchanged, compared to its average volume of 19,233. Busey Financial has a 52 week low of $25.00 and a 52 week high of $26.65. The company 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. Shareholders of record on Friday, May 15th were paid a $0.5156 dividend. This represents a $2.06 annualized dividend and a 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.