Merchants Bancorp (NASDAQ:MBINN) Short Interest Up 22.9% in February

Merchants Bancorp (NASDAQ:MBINN) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 4,300 shares, a growth of 22.9% from the January 31st total of 3,500 shares. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is presently 0.4 days.

Merchants Bancorp Stock Performance

MBINN traded down $0.04 during trading hours on Friday, hitting $21.83. 2,269 shares of the company’s stock were exchanged, compared to its average volume of 9,257. The stock’s 50-day moving average is $21.62 and its two-hundred day moving average is $22.19. Merchants Bancorp has a 1-year low of $18.95 and a 1-year high of $24.34.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.375 per share. The ex-dividend date is Friday, March 14th. This represents a $1.50 dividend on an annualized basis and a yield of 6.87%.

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.