Merchants Bancorp (NASDAQ:MBINM) Shares Shorted: Short Interest Down 51.0% in September

Merchants Bancorp (NASDAQ:MBINM) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 7,298 shares, a decrease of 51.0% from the August 31st total of 14,886 shares. Based on an average daily trading volume, of 6,169 shares, the short-interest ratio is presently 1.2 days.

Merchants Bancorp Price Performance

MBINM stock traded up $0.08 during trading on Tuesday, hitting $25.43. The company had a trading volume of 9,305 shares, compared to its average volume of 9,251. The company has a fifty day moving average price of $25.56 and a two-hundred day moving average price of $25.40. Merchants Bancorp has a fifty-two week low of $24.00 and a fifty-two week high of $25.96.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.5156 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.1%.

About Merchants Bancorp

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.