Medallion Bank (NASDAQ:MBNKP) Short Interest Up 245.5% in December

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

Medallion Bank Trading Down 1.0 %

Medallion Bank stock traded down $0.26 during mid-day trading on Thursday, hitting $25.20. The company had a trading volume of 1,485 shares, compared to its average volume of 2,060. Medallion Bank has a 12-month low of $23.46 and a 12-month high of $27.00. The company’s fifty day moving average is $25.57 and its 200-day moving average is $25.13.

Medallion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.94%. The ex-dividend date of this dividend is Monday, December 16th.

About Medallion Bank

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.