Triumph Financial, Inc. (NASDAQ:TFINP) Sees Large Decline in Short Interest

Triumph Financial, Inc. (NASDAQ:TFINP) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,200 shares, a drop of 24.1% from the October 15th total of 2,900 shares. Based on an average trading volume of 3,400 shares, the short-interest ratio is presently 0.6 days.

Triumph Financial Stock Performance

Shares of NASDAQ:TFINP traded up $0.45 during mid-day trading on Friday, hitting $23.70. 3,481 shares of the company traded hands, compared to its average volume of 2,729. The firm’s 50 day simple moving average is $23.58 and its 200 day simple moving average is $22.50. Triumph Financial has a 52-week low of $18.25 and a 52-week high of $24.40.

Triumph Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Sunday, September 15th were given a $0.4453 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.78 annualized dividend and a yield of 7.51%.

About Triumph Financial

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.