MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Short Interest Update

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 4,900 shares, a decline of 26.9% from the May 15th total of 6,700 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 1.7 days.

MainStreet Bancshares Price Performance

Shares of MainStreet Bancshares stock traded up $0.46 on Friday, reaching $23.10. The company had a trading volume of 9 shares, compared to its average volume of 2,753. The firm’s 50 day moving average price is $22.38 and its two-hundred day moving average price is $23.07. MainStreet Bancshares has a 52-week low of $19.50 and a 52-week high of $25.03.

MainStreet Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.4688 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date is Friday, June 14th.

About MainStreet Bancshares

MainStreet Bancshares, Inc operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, bill pay, remote deposit capture, and courier services.