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

Merchants Bancorp (NASDAQ:MBINM) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 7,300 shares, a decrease of 45.5% from the January 15th total of 13,400 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is currently 1.1 days.

Merchants Bancorp Stock Performance

Shares of NASDAQ MBINM traded up $1.28 during midday trading on Thursday, reaching $27.11. 766 shares of the company were exchanged, compared to its average volume of 6,437. Merchants Bancorp has a 1 year low of $24.73 and a 1 year high of $26.92. The stock has a fifty day simple moving average of $26.06 and a 200 day simple moving average of $25.99.

Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a $0.5156 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.06 annualized dividend and a yield of 7.61%.

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.