Merchants Bancorp (NASDAQ:MBINM) Short Interest Up 55.5% in August

Merchants Bancorp (NASDAQ:MBINM) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 14,886 shares, a growth of 55.5% from the August 15th total of 9,572 shares. Based on an average daily volume of 4,938 shares, the days-to-cover ratio is presently 3.0 days.

Merchants Bancorp Stock Performance

NASDAQ MBINM remained flat at $25.39 on Thursday. 11,356 shares of the company’s stock traded hands, compared to its average volume of 9,296. Merchants Bancorp has a twelve month low of $24.00 and a twelve month high of $25.96. The stock’s fifty day moving average price is $25.57 and its 200-day moving average price is $25.42.

Merchants Bancorp Announces Dividend

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

Merchants Bancorp Company Profile

Merchants Bancorp is a bank holding company whose principal subsidiary, Merchants Bank, provides a broad range of financial services to individuals, businesses and institutional clients. Headquartered in Harrisburg, Pennsylvania, the company focuses on delivering community-oriented banking solutions throughout central Pennsylvania. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing, and cash management services designed to meet the needs of both retail and corporate customers.

On the lending side, Merchants Bancorp extends credit through commercial real estate loans, construction financing, equipment loans, and lines of credit for small- and middle-market enterprises.