Medallion Bank (NASDAQ:MBNKP) Short Interest Update

Medallion Bank (NASDAQ:MBNKP) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 3,800 shares, a growth of 245.5% from the November 30th total of 1,100 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 1.7 days.

Medallion Bank Stock Performance

Shares of MBNKP traded down $0.13 on Friday, hitting $25.07. 964 shares of the stock traded hands, compared to its average volume of 2,054. Medallion Bank has a 1 year low of $23.46 and a 1 year high of $27.00. The stock’s 50 day moving average is $25.56 and its two-hundred day moving average is $25.13.

Medallion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date of this dividend is Monday, December 16th.

Medallion Bank Company Profile

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.