Short Interest in Merchants Bancorp (NASDAQ:MBINM) Decreases By 57.8%

Merchants Bancorp (NASDAQ:MBINM) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 3,800 shares, a decrease of 57.8% from the October 31st total of 9,000 shares. Based on an average trading volume of 5,800 shares, the short-interest ratio is currently 0.7 days.

Merchants Bancorp Trading Down 0.1 %

Shares of NASDAQ MBINM traded down $0.02 during mid-day trading on Friday, hitting $26.03. 11,434 shares of the stock traded hands, compared to its average volume of 7,828. The stock has a fifty day moving average price of $26.05 and a 200-day moving average price of $25.83. Merchants Bancorp has a 52 week low of $24.15 and a 52 week high of $26.80.

Merchants Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date is Friday, December 13th.

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.