Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 1,900 shares, a drop of 36.7% from the July 31st total of 3,000 shares. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is currently 0.4 days.

Merchants Bancorp Stock Up 0.1 %

Shares of NASDAQ MBINN opened at $21.53 on Wednesday. The stock has a fifty day moving average price of $21.17 and a 200 day moving average price of $20.89. Merchants Bancorp has a 1-year low of $16.31 and a 1-year high of $23.00.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.97%. The ex-dividend date of this dividend is Friday, September 13th.

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.