Merchants Bancorp (NASDAQ:MBINM) Sees Significant Decrease in Short Interest

Merchants Bancorp (NASDAQ:MBINM) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 14,700 shares, a decline of 32.6% from the December 31st total of 21,800 shares. Based on an average daily trading volume, of 7,100 shares, the days-to-cover ratio is currently 2.1 days.

Merchants Bancorp Stock Down 0.9 %

Shares of Merchants Bancorp stock traded down $0.23 on Friday, hitting $25.78. 3,560 shares of the company’s stock traded hands, compared to its average volume of 6,648. The company has a fifty day moving average of $26.10 and a two-hundred day moving average of $25.98. Merchants Bancorp has a one year low of $24.73 and a one year high of $26.92.

Merchants Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a dividend of $0.5156 per share. The ex-dividend date was Friday, December 13th. This represents a $2.06 dividend on an annualized basis and a yield of 8.00%.

About Merchants Bancorp

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.