Short Interest in MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Expands By 68.9%

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 7,499 shares, a growth of 68.9% from the August 15th total of 4,441 shares. Based on an average daily volume of 1,207 shares, the short-interest ratio is presently 6.2 days.

MainStreet Bancshares Price Performance

Shares of MNSBP stock opened at $25.01 on Friday. MainStreet Bancshares has a 12-month low of $23.22 and a 12-month high of $27.74. The firm has a 50-day moving average price of $25.36 and a 200 day moving average price of $25.14.

MainStreet Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Investors Weigh In On MainStreet Bancshares

A number of large investors have recently bought and sold shares of the business. Deutsche Bank AG bought a new position in MainStreet Bancshares in the 2nd quarter valued at $128,000. Bank of New York Mellon Corp bought a new stake in shares of MainStreet Bancshares during the second quarter worth $430,000. GSA Capital Partners LLP acquired a new stake in shares of MainStreet Bancshares in the second quarter valued at $574,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of MainStreet Bancshares in the second quarter valued at $750,000. Finally, Empowered Funds LLC bought a new position in shares of MainStreet Bancshares in the second quarter valued at about $918,000.

About MainStreet Bancshares

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.