Short Interest in MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Rises By 68.9%

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 7,499 shares, an increase of 68.9% from the August 15th total of 4,441 shares. Based on an average daily volume of 1,207 shares, the short-interest ratio is presently 6.2 days.

MainStreet Bancshares Stock Performance

MNSBP opened at $25.23 on Friday. MainStreet Bancshares has a 1-year low of $23.22 and a 1-year high of $27.74. The business has a 50 day moving average price of $25.37 and a two-hundred day moving average price of $25.14.

MainStreet Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MNSBP. Empowered Funds LLC bought a new stake in MainStreet Bancshares in the second quarter worth about $918,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of MainStreet Bancshares during the 2nd quarter valued at about $750,000. BlackRock Inc. acquired a new position in shares of MainStreet Bancshares in the 2nd quarter worth approximately $9,976,000. Deutsche Bank AG acquired a new position in shares of MainStreet Bancshares in the 2nd quarter worth approximately $128,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of MainStreet Bancshares in the 2nd quarter worth approximately $430,000.

MainStreet Bancshares Company Profile

MainStreet Bancshares, Inc is a bank holding company headquartered in Stanwood, Washington, that provides commercial and consumer banking services through its subsidiary, MainStreet Bank. The company’s core activities include deposit-taking, lending, and treasury management, with an emphasis on personalized customer relationships. Through branch offices and digital channels, MainStreet Bancshares aims to serve small to mid-sized businesses, professionals, and individuals across its markets.

MainStreet Bancshares offers a range of deposit products, including checking accounts, savings accounts, money market accounts, certificates of deposit and individual retirement accounts.