Tectonic Financial, Inc. (NASDAQ:TECTP) Short Interest Update

Tectonic Financial, Inc. (NASDAQ:TECTP) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,200 shares, a growth of 69.2% from the February 29th total of 1,300 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is currently 1.2 days.

Tectonic Financial Stock Performance

Shares of NASDAQ TECTP traded down $0.03 during trading on Thursday, reaching $10.13. The company had a trading volume of 200 shares, compared to its average volume of 2,732. The stock has a 50-day moving average price of $10.13 and a two-hundred day moving average price of $10.09. Tectonic Financial has a twelve month low of $9.74 and a twelve month high of $10.43.

Tectonic Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a dividend of $0.225 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.89%.

About Tectonic Financial

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.