Merchants Bancorp (NASDAQ:MBINM) Sees Large Drop in Short Interest

Merchants Bancorp (NASDAQ:MBINM) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 14,700 shares, a drop of 32.6% from the December 31st total of 21,800 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is currently 2.1 days.

Merchants Bancorp Trading Down 0.9 %

Shares of NASDAQ MBINM opened at $25.78 on Friday. Merchants Bancorp has a one year low of $24.73 and a one year high of $26.92. The firm’s 50 day simple moving average is $26.10 and its two-hundred day simple moving average is $25.98.

Merchants Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were given a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date was Friday, December 13th.

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.