Short Interest in Merchants Bancorp (NASDAQ:MBINN) Drops By 25.0%

Merchants Bancorp (NASDAQ:MBINN) saw a large drop in short interest during the month of 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 presently 0.2 days.

Merchants Bancorp Trading Down 0.5 %

MBINN stock traded down $0.11 during midday trading on Friday, reaching $22.06. 2,750 shares of the company’s stock traded hands, compared to its average volume of 7,554. Merchants Bancorp has a 52 week low of $18.95 and a 52 week high of $24.34. The company has a 50-day moving average price of $22.97 and a two-hundred day moving average price of $22.01.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a $0.375 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.50 dividend on an annualized basis and a yield of 6.80%.

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.