Merchants Bancorp (NASDAQ:MBINM) Short Interest Update

Merchants Bancorp (NASDAQ:MBINM) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 2,100 shares, a drop of 19.2% from the September 30th total of 2,600 shares. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is currently 0.5 days.

Merchants Bancorp Trading Down 0.5 %

Shares of MBINM stock traded down $0.13 on Monday, reaching $25.86. The company’s stock had a trading volume of 22,476 shares, compared to its average volume of 7,877. The stock’s fifty day simple moving average is $26.00 and its 200-day simple moving average is $25.78. Merchants Bancorp has a 1 year low of $22.29 and a 1 year high of $26.80.

Merchants Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date was Friday, September 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.