Short Interest in Merchants Bancorp (NASDAQ:MBINO) Drops By 90.5%

Merchants Bancorp (NASDAQ:MBINO) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 900 shares, a decline of 90.5% from the November 15th total of 9,500 shares. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is presently 0.1 days.

Merchants Bancorp Stock Performance

Shares of Merchants Bancorp stock traded up $0.01 during trading on Wednesday, reaching $25.49. The company’s stock had a trading volume of 17,343 shares, compared to its average volume of 11,804. The stock has a 50-day moving average price of $25.28 and a two-hundred day moving average price of $25.03. Merchants Bancorp has a one year low of $22.80 and a one year high of $25.51.

Merchants Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.38. This represents a $2.36 dividend on an annualized basis and a dividend yield of 9.26%.

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.