MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Short Interest Update

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 1,600 shares, an increase of 700.0% from the February 29th total of 200 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 0.8 days.

MainStreet Bancshares Price Performance

NASDAQ:MNSBP traded up $0.02 during trading hours on Thursday, hitting $23.77. 504 shares of the stock traded hands, compared to its average volume of 2,091. MainStreet Bancshares has a 1 year low of $19.35 and a 1 year high of $25.03. The stock has a 50 day moving average price of $23.82 and a 200 day moving average price of $22.60.

MainStreet Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a dividend of $0.4688 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.89%. The ex-dividend date of this dividend is Thursday, March 14th.

MainStreet Bancshares Company Profile

MainStreet Bancshares, Inc operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, bill pay, remote deposit capture, and courier services.