Merchants Bancorp (NASDAQ:MBINN) Sees Significant Increase in Short Interest

Merchants Bancorp (NASDAQ:MBINN) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 10,793 shares, a growth of 226.1% from the December 31st total of 3,310 shares. Based on an average daily volume of 10,845 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 10,845 shares, the days-to-cover ratio is currently 1.0 days.

Merchants Bancorp Trading Up 0.1%

NASDAQ:MBINN traded up $0.03 during trading hours on Wednesday, reaching $20.19. The company’s stock had a trading volume of 6,677 shares, compared to its average volume of 10,019. Merchants Bancorp has a one year low of $18.27 and a one year high of $22.35. The business’s 50-day moving average is $19.16 and its 200-day moving average is $19.95.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 7.4%. 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.