Short Interest in Tectonic Financial, Inc. (NASDAQ:TECTP) Drops By 47.1%

Tectonic Financial, Inc. (NASDAQ:TECTP) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 3,600 shares, a decrease of 47.1% from the January 31st total of 6,800 shares. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is presently 1.3 days.

Tectonic Financial Stock Down 1.2 %

Shares of TECTP traded down $0.12 during mid-day trading on Friday, hitting $10.35. The company’s stock had a trading volume of 812 shares, compared to its average volume of 3,528. Tectonic Financial has a one year low of $9.95 and a one year high of $11.68. The stock’s 50-day moving average is $10.44 and its two-hundred day moving average is $10.39.

Tectonic Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were given a $0.3036 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.21 annualized dividend and a dividend yield of 11.73%.

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.