Tectonic Financial, Inc. (NASDAQ:TECTP) Sees Significant Drop in Short Interest

Tectonic Financial, Inc. (NASDAQ:TECTP) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 3,600 shares, a drop of 47.1% from the January 31st total of 6,800 shares. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is currently 1.3 days.

Tectonic Financial Price Performance

TECTP stock opened at $10.35 on Friday. Tectonic Financial has a twelve month low of $9.95 and a twelve month high of $11.68. The firm has a 50 day simple moving average of $10.44 and a 200-day simple moving average of $10.39.

Tectonic Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were given a dividend of $0.3036 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 11.73%. The ex-dividend date was 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.