Merchants Bancorp (NASDAQ:MBINM) Short Interest Update

Merchants Bancorp (NASDAQ:MBINM) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 14,700 shares, a decline of 32.6% from the December 15th total of 21,800 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is presently 2.1 days.

Merchants Bancorp Price Performance

NASDAQ:MBINM opened at $25.74 on Tuesday. The stock has a 50 day simple moving average of $26.12 and a 200 day simple moving average of $25.91. Merchants Bancorp has a 1-year low of $24.73 and a 1-year high of $26.92.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date of this dividend was Friday, December 13th.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.