Merchants Bancorp (NASDAQ:MBINO) Short Interest Down 65.9% in May

Merchants Bancorp (NASDAQ:MBINOGet Rating) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 1,500 shares, a decline of 65.9% from the April 30th total of 4,400 shares. Based on an average daily volume of 12,000 shares, the days-to-cover ratio is presently 0.1 days.

Merchants Bancorp Price Performance

Merchants Bancorp stock remained flat at $19.00 during mid-day trading on Friday. The company’s stock had a trading volume of 5,184 shares, compared to its average volume of 11,129. Merchants Bancorp has a twelve month low of $15.86 and a twelve month high of $25.11. The business has a 50 day simple moving average of $19.47.

Merchants Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 7.89%. The ex-dividend date of this dividend is Wednesday, June 14th.

Merchants Bancorp Company Profile

(Get Rating)

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.

Recommended Stories

Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with's FREE daily email newsletter.