MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Short Interest Up 75.8% in April

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 2,624 shares, a growth of 75.8% from the April 15th total of 1,493 shares. Based on an average trading volume of 724 shares, the short-interest ratio is presently 3.6 days.

MainStreet Bancshares Price Performance

Shares of MNSBP traded down $0.23 on Monday, hitting $24.88. 6,660 shares of the stock traded hands, compared to its average volume of 1,469. The business has a 50 day simple moving average of $24.99 and a 200 day simple moving average of $24.77. MainStreet Bancshares has a one year low of $23.06 and a one year high of $28.25.

MainStreet Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 13th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 7.6%. This is a positive change from MainStreet Bancshares’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, March 13th.

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.