Short Interest in Merchants Bancorp (NASDAQ:MBINM) Rises By 528.6%

Merchants Bancorp (NASDAQ:MBINM) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 8,800 shares, a growth of 528.6% from the March 15th total of 1,400 shares. Based on an average trading volume of 6,400 shares, the short-interest ratio is currently 1.4 days.

Merchants Bancorp Price Performance

Shares of NASDAQ MBINM traded up $0.21 during trading on Wednesday, reaching $25.35. The stock had a trading volume of 7,360 shares, compared to its average volume of 6,158. The firm’s 50 day moving average price is $25.64 and its two-hundred day moving average price is $25.91. Merchants Bancorp has a one year low of $24.80 and a one year high of $26.92.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date of this dividend was Friday, March 14th.

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.