Merchants Bancorp (NASDAQ:MBINO) Short Interest Up 200.0% in December

Merchants Bancorp (NASDAQ:MBINO) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,700 shares, an increase of 200.0% from the November 30th total of 900 shares. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is presently 0.2 days.

Merchants Bancorp Trading Up 0.0 %

NASDAQ MBINO opened at $24.97 on Friday. The business’s 50-day moving average price is $25.25 and its 200 day moving average price is $25.05. Merchants Bancorp has a twelve month low of $23.75 and a twelve month high of $25.51.

Merchants Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.59 per share. This is a positive change from Merchants Bancorp’s previous quarterly dividend of $0.38. This represents a $2.36 annualized dividend and a dividend yield of 9.45%. The ex-dividend date of this dividend is 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.