Merchants Bancorp (NASDAQ:MBINN) Sees Large Decrease in Short Interest

Merchants Bancorp (NASDAQ:MBINN) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 3,310 shares, a drop of 30.2% from the December 15th total of 4,743 shares. Based on an average daily trading volume, of 27,882 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 27,882 shares, the days-to-cover ratio is presently 0.1 days.

Merchants Bancorp Stock Down 0.9%

MBINN stock traded down $0.19 on Monday, hitting $19.88. The company’s stock had a trading volume of 3,070 shares, compared to its average volume of 10,243. The firm has a 50 day moving average of $19.13 and a two-hundred day moving average of $19.94. Merchants Bancorp has a 1 year low of $18.27 and a 1 year high of $22.35.

Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 15th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Monday, December 15th.

Merchants Bancorp Company Profile

Merchants Bancorp (NASDAQ: MBINN) is a bank holding company headquartered in Buffalo, New York. Through its subsidiary, Merchants Bank, the company provides a comprehensive suite of commercial and consumer banking products across Western New York. Its branch network serves individuals, small businesses and institutional clients with personalized banking solutions.

The company’s core offerings include deposit products such as checking, savings and certificates of deposit, alongside a portfolio of lending products that encompasses commercial and industrial loans, commercial real estate financing, residential mortgages and consumer credit lines.