Merchants Bancorp (NASDAQ:MBINM) Stock Short Interest Report for September

Merchants Bancorp (NASDAQ:MBINM) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,034 shares, a decrease of 85.8% from the September 15th total of 7,298 shares. Based on an average trading volume of 10,465 shares, the days-to-cover ratio is presently 0.1 days.

Merchants Bancorp Price Performance

Shares of Merchants Bancorp stock remained flat at $25.08 during trading hours on Friday. The stock had a trading volume of 5,556 shares, compared to its average volume of 9,371. The stock has a fifty day moving average of $25.52 and a 200 day moving average of $25.42. Merchants Bancorp has a 12 month low of $24.00 and a 12 month high of $25.96.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend was Tuesday, September 15th.

Merchants Bancorp Company Profile

Merchants Bancorp is a diversified financial services holding company headquartered in Carmel, Indiana. Through its banking and specialty finance subsidiaries, the company provides mortgage banking, multifamily and healthcare real estate financing, and other commercial banking services to businesses, real estate developers, healthcare operators and consumers.

Its mortgage banking operations originate, finance, sell and service residential mortgage loans, including government-sponsored and government-insured products.