Merchants Bancorp (NASDAQ:MBINM) Sees Significant Growth in Short Interest

Merchants Bancorp (NASDAQ:MBINM) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 21,800 shares, a growth of 58.0% from the November 30th total of 13,800 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is presently 3.4 days.

Merchants Bancorp Stock Down 0.6 %

MBINM stock opened at $26.08 on Monday. The stock’s 50 day moving average price is $26.11 and its 200 day moving average price is $25.87. Merchants Bancorp has a 1 year low of $24.15 and a 1 year high of $26.92.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date is Friday, December 13th.

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.