MainStreet Bancshares, Inc. (NASDAQ:MNSB) Sees Large Decrease in Short Interest

MainStreet Bancshares, Inc. (NASDAQ:MNSB) saw a significant decline in short interest in July. As of July 15th, there was short interest totalling 25,100 shares, a decline of 87.5% from the June 30th total of 201,500 shares. Based on an average daily volume of 39,400 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are short sold.

MainStreet Bancshares Stock Performance

NASDAQ MNSB traded up $0.11 on Friday, hitting $18.18. 10,322 shares of the company traded hands, compared to its average volume of 60,857. The company has a market capitalization of $138.35 million, a price-to-earnings ratio of 7.02 and a beta of 0.57. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $17.13 and its 200-day moving average price is $17.92. MainStreet Bancshares has a 52-week low of $14.97 and a 52-week high of $25.97.

Hedge Funds Weigh In On MainStreet Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mendon Capital Advisors Corp bought a new stake in MainStreet Bancshares during the fourth quarter valued at about $1,066,000. Quadrature Capital Ltd bought a new stake in MainStreet Bancshares during the first quarter valued at about $362,000. BNP Paribas Financial Markets raised its holdings in MainStreet Bancshares by 748.2% during the first quarter. BNP Paribas Financial Markets now owns 20,833 shares of the company’s stock valued at $378,000 after acquiring an additional 18,377 shares during the period. BHZ Capital Management LP raised its holdings in MainStreet Bancshares by 46.0% during the fourth quarter. BHZ Capital Management LP now owns 53,873 shares of the company’s stock valued at $1,337,000 after acquiring an additional 16,975 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in MainStreet Bancshares by 38.3% during the first quarter. Acadian Asset Management LLC now owns 53,034 shares of the company’s stock valued at $962,000 after acquiring an additional 14,698 shares during the period. 52.29% of the stock is currently owned by hedge funds and other institutional investors.

About MainStreet Bancshares

MainStreet Bancshares, Inc operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, bill pay, remote deposit capture, and courier services.