Tectonic Financial, Inc. (NASDAQ:TECTP) Short Interest Up 161.5% in January

Tectonic Financial, Inc. (NASDAQ:TECTP) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 6,800 shares, a growth of 161.5% from the January 15th total of 2,600 shares. Based on an average daily volume of 3,400 shares, the short-interest ratio is presently 2.0 days.

Tectonic Financial Trading Down 0.8 %

Shares of NASDAQ:TECTP traded down $0.08 during trading hours on Wednesday, reaching $10.29. The stock had a trading volume of 1,098 shares, compared to its average volume of 4,495. Tectonic Financial has a 1 year low of $9.95 and a 1 year high of $11.68. The firm’s 50 day moving average is $10.44 and its 200-day moving average is $10.38.

Tectonic Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th will be paid a $0.3036 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 11.80%. The ex-dividend date is Friday, February 7th.

About Tectonic Financial

Tectonic Financial, Inc, a financial holding company, provides banking and financial products and services to high net worth individuals, small businesses, and institutions in the United States. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit; commercial and real estate loans, dental loans, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services.