Merchants Bancorp (NASDAQ:MBINO – Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 2,400 shares, a drop of 62.5% from the July 15th total of 6,400 shares. Based on an average daily volume of 10,400 shares, the days-to-cover ratio is presently 0.2 days.
Merchants Bancorp Price Performance
Shares of NASDAQ MBINO remained flat at $25.00 during mid-day trading on Thursday. The stock had a trading volume of 9,810 shares, compared to its average volume of 11,665. The firm’s fifty day moving average is $24.79 and its two-hundred day moving average is $24.63. Merchants Bancorp has a 52 week low of $19.17 and a 52 week high of $25.18.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Merchants Bancorp stock. Thompson Investment Management Inc. purchased a new stake in Merchants Bancorp (NASDAQ:MBINO – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,800 shares of the company’s stock, valued at approximately $43,000.
Merchants Bancorp Company Profile
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.
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