Merchants Bancorp (NASDAQ:MBINN) Short Interest Down 66.7% in June

Merchants Bancorp (NASDAQ:MBINN) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 100 shares, a decline of 66.7% from the May 31st total of 300 shares. Based on an average daily volume of 7,100 shares, the short-interest ratio is presently 0.0 days.

Merchants Bancorp Stock Performance

Shares of MBINN stock traded down $0.05 on Thursday, reaching $21.11. 9,643 shares of the stock were exchanged, compared to its average volume of 7,565. The business’s 50 day moving average price is $20.52 and its 200 day moving average price is $20.72. Merchants Bancorp has a twelve month low of $16.31 and a twelve month high of $23.00.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Friday, June 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.11%.

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.