Merchants Bancorp (NASDAQ:MBINM) Short Interest Update

Merchants Bancorp (NASDAQ:MBINM) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 21,800 shares, an increase of 58.0% from the November 30th total of 13,800 shares. Based on an average daily trading volume, of 6,400 shares, the days-to-cover ratio is currently 3.4 days.

Merchants Bancorp Trading Up 0.4 %

Shares of MBINM traded up $0.10 during midday trading on Monday, hitting $26.18. The stock had a trading volume of 3,386 shares, compared to its average volume of 7,602. Merchants Bancorp has a 1 year low of $24.25 and a 1 year high of $26.92. The stock’s 50 day moving average is $26.11 and its 200 day moving average is $25.87.

Merchants Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 7.88%. The ex-dividend date is Friday, December 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.