MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Short Interest Up 78.9% in May

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,694 shares, an increase of 78.9% from the April 30th total of 2,624 shares. Based on an average daily trading volume, of 1,389 shares, the short-interest ratio is currently 3.4 days.

MainStreet Bancshares Stock Performance

Shares of MNSBP stock opened at $24.80 on Thursday. MainStreet Bancshares has a 12-month low of $23.06 and a 12-month high of $28.25. The firm has a 50 day moving average price of $25.01 and a two-hundred day moving average price of $24.83.

MainStreet Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, June 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.6%.

MainStreet Bancshares Company Profile

MainStreet Bancshares, Inc is a bank holding company headquartered in Stanwood, Washington, that provides commercial and consumer banking services through its subsidiary, MainStreet Bank. The company’s core activities include deposit-taking, lending, and treasury management, with an emphasis on personalized customer relationships. Through branch offices and digital channels, MainStreet Bancshares aims to serve small to mid-sized businesses, professionals, and individuals across its markets.

MainStreet Bancshares offers a range of deposit products, including checking accounts, savings accounts, money market accounts, certificates of deposit and individual retirement accounts.