Webster Financial Corporation (NYSE:WBS) Sees Significant Increase in Short Interest

Webster Financial Corporation (NYSE:WBS) Sees Significant Increase in Short Interest

Webster Financial Corporation (NYSE:WBS - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 4,938,275 shares, an increase of 69.2% from the January 29th total of 2,919,210 shares. Currently, 3.1% of the shares of the company are sold short. Based on an average daily volume of 7,743,336 shares, the days-to-cover ratio is presently 0.6 days.…