Short Interest in Merchants Bancorp (NASDAQ:MBINM) Drops By 39.1%

Merchants Bancorp (NASDAQ:MBINM) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,400 shares, a decrease of 39.1% from the February 28th total of 2,300 shares. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is currently 0.2 days.

Merchants Bancorp Stock Up 0.4 %

MBINM traded up $0.09 during midday trading on Monday, reaching $25.59. The company had a trading volume of 13,472 shares, compared to its average volume of 6,189. Merchants Bancorp has a 12-month low of $25.01 and a 12-month high of $26.92. The business has a 50-day moving average price of $25.87 and a two-hundred day moving average price of $26.01.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date is Friday, March 14th.

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.