Tectonic Financial, Inc. (NASDAQ:TECTP) Sees Large Drop in Short Interest

Tectonic Financial, Inc. (NASDAQ:TECTP) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 2,600 shares, a decline of 27.8% from the November 15th total of 3,600 shares. Based on an average daily volume of 3,500 shares, the short-interest ratio is currently 0.7 days.

Tectonic Financial Stock Performance

Shares of Tectonic Financial stock traded down $0.03 on Friday, hitting $10.39. The company had a trading volume of 1,626 shares, compared to its average volume of 3,496. Tectonic Financial has a 1 year low of $9.97 and a 1 year high of $11.68. The stock has a 50 day moving average of $10.39 and a 200-day moving average of $10.34.

Tectonic Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.3092 per share. This represents a $1.24 annualized dividend and a yield of 11.91%. The ex-dividend date was Tuesday, November 5th.

Tectonic Financial Company Profile

Tectonic Financial, Inc, a financial holding company, provides banking and financial products and services to high net worth individuals, small businesses, and institutions in the United States. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit; commercial and real estate loans, dental loans, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services.