Short Interest in Merchants Bancorp (NASDAQ:MBINO) Grows By 2,700.0%

Merchants Bancorp (NASDAQ:MBINOGet Free Report) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 8,400 shares, an increase of 2,700.0% from the June 15th total of 300 shares. Based on an average daily volume of 10,500 shares, the short-interest ratio is presently 0.8 days.

Merchants Bancorp Stock Performance

NASDAQ MBINO opened at $24.86 on Friday. The stock’s 50 day simple moving average is $24.74 and its 200-day simple moving average is $24.50. Merchants Bancorp has a 1-year low of $19.17 and a 1-year high of $25.18.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.50 dividend on an annualized basis and a yield of 6.03%.

Hedge Funds Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Thompson Investment Management Inc. bought a new stake in Merchants Bancorp (NASDAQ:MBINOFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,800 shares of the company’s stock, valued at approximately $43,000.

About Merchants Bancorp

(Get Free Report)

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.

Further Reading

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