Medallion Bank (NASDAQ:MBNKP) Short Interest Update

Medallion Bank (NASDAQ:MBNKP) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 3,800 shares, an increase of 245.5% from the November 30th total of 1,100 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is currently 1.7 days.

Medallion Bank Price Performance

Shares of MBNKP traded down $0.13 during mid-day trading on Friday, reaching $25.07. The company’s stock had a trading volume of 964 shares, compared to its average volume of 2,054. The business has a fifty day moving average of $25.56 and a 200 day moving average of $25.13. Medallion Bank has a 1 year low of $23.46 and a 1 year high of $27.00.

Medallion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.98%. The ex-dividend date is Monday, December 16th.

Medallion Bank Company Profile

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.