Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 3,500 shares, a drop of 70.6% from the September 30th total of 11,900 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is presently 0.4 days.

Merchants Bancorp Stock Performance

NASDAQ MBINN traded down $0.01 on Friday, reaching $23.44. The company’s stock had a trading volume of 334 shares, compared to its average volume of 7,464. Merchants Bancorp has a 52 week low of $16.73 and a 52 week high of $24.34. The business has a 50-day moving average price of $22.63 and a 200 day moving average price of $21.38.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date was Friday, September 13th.

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.