Merchants Bancorp (NASDAQ:MBINN) Short Interest Down 25.0% in November

Merchants Bancorp (NASDAQ:MBINN) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,500 shares, a decrease of 25.0% from the November 15th total of 2,000 shares. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is currently 0.2 days.

Merchants Bancorp Price Performance

NASDAQ MBINN traded down $0.11 during trading hours on Friday, reaching $22.06. 2,750 shares of the company’s stock were exchanged, compared to its average volume of 7,554. The company’s 50-day moving average is $22.97 and its two-hundred day moving average is $22.01. Merchants Bancorp has a one year low of $18.95 and a one year high of $24.34.

Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend is Friday, December 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.