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

Merchants Bancorp (NASDAQ:MBINO – Get 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

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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.