Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 1,500 shares, a drop of 25.0% from the November 15th total of 2,000 shares. Based on an average daily volume of 8,900 shares, the short-interest ratio is currently 0.2 days.

Merchants Bancorp Stock Performance

MBINN stock traded down $0.02 during trading on Friday, hitting $21.77. 9,899 shares of the company’s stock traded hands, compared to its average volume of 7,588. Merchants Bancorp has a 1 year low of $18.95 and a 1 year high of $24.34. The business has a fifty day simple moving average of $22.93 and a two-hundred day simple moving average of $22.03.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.375 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.89%.

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.