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

Tectonic Financial, Inc. (NASDAQ:TECTP) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 6,800 shares, a growth of 161.5% from the January 15th total of 2,600 shares. Based on an average daily trading volume, of 3,400 shares, the short-interest ratio is presently 2.0 days.

Tectonic Financial Stock Performance

Tectonic Financial stock traded down $0.08 during mid-day trading on Thursday, hitting $10.29. The company’s stock had a trading volume of 170 shares, compared to its average volume of 4,339. The business has a 50 day moving average price of $10.44 and a 200-day moving average price of $10.38. Tectonic Financial has a 12 month low of $9.95 and a 12 month high of $11.68.

Tectonic Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th will be paid a $0.3036 dividend. This represents a $1.21 annualized dividend and a yield of 11.80%. The ex-dividend date of this dividend is Friday, February 7th.

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.