Merchants Bancorp (NASDAQ:MBINO) Short Interest Down 90.5% in November

Merchants Bancorp (NASDAQ:MBINO) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 900 shares, a decrease of 90.5% from the November 15th total of 9,500 shares. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is currently 0.1 days.

Merchants Bancorp Stock Up 0.0 %

Shares of NASDAQ:MBINO traded up $0.01 during midday trading on Wednesday, hitting $25.49. The company had a trading volume of 17,343 shares, compared to its average volume of 11,804. The firm has a fifty day simple moving average of $25.28 and a 200 day simple moving average of $25.03. Merchants Bancorp has a 12 month low of $22.80 and a 12 month high of $25.51.

Merchants Bancorp Increases Dividend

The business 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 dividend of $0.59 per share. This is a positive change from Merchants Bancorp’s previous quarterly dividend of $0.38. This represents a $2.36 annualized dividend and a dividend yield of 9.26%. The ex-dividend date of this dividend 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.