Merchants Bancorp (NASDAQ:MBINM) Short Interest Update

Merchants Bancorp (NASDAQ:MBINM) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 9,000 shares, a growth of 172.7% from the September 15th total of 3,300 shares. Based on an average trading volume of 23,200 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 23,200 shares, the days-to-cover ratio is presently 0.4 days.

Merchants Bancorp Stock Performance

Shares of MBINM stock opened at $24.17 on Friday. Merchants Bancorp has a 1-year low of $24.15 and a 1-year high of $26.92. The business has a 50-day moving average of $25.02 and a 200 day moving average of $25.11.

Merchants Bancorp (NASDAQ:MBINM) last issued its earnings results on Monday, January 31st. The company reported $1.14 earnings per share for the quarter. The company had revenue of $112.82 million for the quarter.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a dividend of $0.5156 per share. The ex-dividend date was Monday, September 15th. This represents a $2.06 annualized dividend and a yield of 8.5%.

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.