MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Stock Short Interest Falls 42.0%

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 4,353 shares, a decline of 42.0% from the August 31st total of 7,499 shares. Based on an average daily trading volume, of 1,633 shares, the days-to-cover ratio is presently 2.7 days.

MainStreet Bancshares Trading Up 3.4%

MainStreet Bancshares stock traded up $0.82 during mid-day trading on Thursday, reaching $24.93. 2,796 shares of the company traded hands, compared to its average volume of 1,578. MainStreet Bancshares has a fifty-two week low of $23.22 and a fifty-two week high of $27.74. The firm’s fifty day moving average is $25.28 and its two-hundred day moving average is $25.12.

MainStreet Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 7.5%. The ex-dividend date was Tuesday, September 15th.

Institutional Investors Weigh In On MainStreet Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in MNSBP. BlackRock Inc. acquired a new stake in shares of MainStreet Bancshares during the 2nd quarter worth approximately $9,976,000. Empowered Funds LLC bought a new stake in MainStreet Bancshares during the 2nd quarter valued at about $918,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in MainStreet Bancshares in the 2nd quarter worth approximately $750,000. GSA Capital Partners LLP acquired a new position in MainStreet Bancshares in the second quarter valued at approximately $574,000. Finally, Bank of New York Mellon Corp acquired a new position in MainStreet Bancshares in the second quarter valued at about $430,000.

About MainStreet Bancshares

MainStreet Bancshares, Inc is the bank holding company for MainStreet Bank, a community-focused financial institution headquartered in Fairfax, Virginia. Founded in 2004, the company provides banking services primarily to businesses, professionals and individuals in the Washington, DC, metropolitan area.

MainStreet Bank offers commercial and retail deposit accounts, business and consumer lending, residential mortgage lending, cash-management and treasury services, online and mobile banking, and other traditional banking products.