Short Interest in Medallion Bank (NASDAQ:MBNKP) Expands By 200.0%

Medallion Bank (NASDAQ:MBNKP) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 600 shares, a growth of 200.0% from the August 15th total of 200 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is currently 0.3 days.

Medallion Bank Stock Performance

Medallion Bank stock traded up $0.02 during midday trading on Thursday, hitting $25.10. 614 shares of the stock were exchanged, compared to its average volume of 1,810. Medallion Bank has a 1 year low of $22.01 and a 1 year high of $25.29. The company has a 50 day moving average price of $24.87 and a two-hundred day moving average price of $24.89.

Medallion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.97%. The ex-dividend date is Monday, September 16th.

About Medallion Bank

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.