Short Interest in Merchants Bancorp (NASDAQ:MBINM) Decreases By 39.1%

Merchants Bancorp (NASDAQ:MBINM) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 1,400 shares, a decrease of 39.1% from the February 28th total of 2,300 shares. Based on an average daily trading volume, of 6,100 shares, the short-interest ratio is presently 0.2 days.

Merchants Bancorp Price Performance

Merchants Bancorp stock traded up $0.11 during trading hours on Friday, hitting $25.68. The stock had a trading volume of 2,203 shares, compared to its average volume of 6,159. The business’s 50 day simple moving average is $25.87 and its 200-day simple moving average is $26.02. Merchants Bancorp has a one year low of $25.01 and a one year high of $26.92.

Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.5156 per share. The ex-dividend date is Friday, March 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.03%.

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.