Short Interest in Merchants Bancorp (NASDAQ:MBINN) Drops By 64.8%

Merchants Bancorp (NASDAQ:MBINN) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,500 shares, a drop of 64.8% from the December 31st total of 7,100 shares. Based on an average daily trading volume, of 11,900 shares, the days-to-cover ratio is presently 0.2 days.

Merchants Bancorp Trading Down 0.3 %

NASDAQ:MBINN traded down $0.07 during midday trading on Tuesday, reaching $21.90. 4,731 shares of the stock traded hands, compared to its average volume of 14,219. Merchants Bancorp has a 12-month low of $18.95 and a 12-month high of $24.34. The business has a 50-day moving average of $21.69 and a two-hundred day moving average of $22.05.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 6.85%. The ex-dividend date was 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.