Merchants Bancorp (NASDAQ:MBINM) Shares Shorted: Short Interest Up 936.0% in October

Merchants Bancorp (NASDAQ:MBINM) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 10,712 shares, a growth of 936.0% from the September 30th total of 1,034 shares. Based on an average daily trading volume, of 11,257 shares, the short-interest ratio is presently 1.0 days.

Merchants Bancorp Price Performance

Shares of NASDAQ MBINM traded down $0.14 during trading hours on Monday, reaching $25.21. 2,341 shares of the stock were exchanged, compared to its average volume of 9,383. The stock’s fifty day simple moving average is $25.39 and its 200 day simple moving average is $25.40. Merchants Bancorp has a 52 week low of $24.00 and a 52 week high of $25.96.

Merchants Bancorp Announces Dividend

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

About Merchants Bancorp

Merchants Bancorp is a diversified financial holding company headquartered in Carmel, Indiana. Founded in 2007, the company operates primarily through Merchants Bank of Indiana and related subsidiaries, providing banking and specialized finance services to businesses, real estate borrowers and mortgage originators.

The company operates through banking, mortgage warehousing and multifamily mortgage banking activities. Its banking operations offer deposit products and commercial lending, while its mortgage warehouse business provides revolving lines of credit to mortgage lenders.