Merchants Bancorp (NASDAQ:MBINN) Short Interest Down 70.6% in October

Merchants Bancorp (NASDAQ:MBINN) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 3,500 shares, a drop of 70.6% from the September 30th total of 11,900 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 0.4 days.

Merchants Bancorp Trading Down 0.0 %

MBINN stock traded down $0.01 during trading hours on Friday, hitting $23.44. 334 shares of the stock traded hands, compared to its average volume of 7,464. The stock has a 50-day simple moving average of $22.63 and a 200 day simple moving average of $21.38. Merchants Bancorp has a one year low of $16.73 and a one year high of $24.34.

Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a $0.375 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.50 annualized dividend and a dividend yield of 6.40%.

About Merchants Bancorp

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.