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

Merchants Bancorp (NASDAQ:MBINM) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 14,700 shares, a decrease of 32.6% from the December 31st total of 21,800 shares. Based on an average trading volume of 7,100 shares, the days-to-cover ratio is presently 2.1 days.

Merchants Bancorp Stock Performance

Shares of MBINM stock opened at $26.06 on Thursday. Merchants Bancorp has a one year low of $24.73 and a one year high of $26.92. The company’s fifty day moving average price is $26.11 and its 200-day moving average price is $25.98.

Merchants Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were issued a dividend of $0.5156 per share. The ex-dividend date was Friday, December 13th. This represents a $2.06 dividend on an annualized basis and a yield of 7.91%.

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.