Short Interest in MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Rises By 77.8%

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 4,800 shares, an increase of 77.8% from the February 28th total of 2,700 shares. Based on an average daily volume of 1,200 shares, the short-interest ratio is presently 4.0 days.

MainStreet Bancshares Stock Performance

Shares of MNSBP stock traded down $0.16 on Friday, reaching $24.69. The company had a trading volume of 657 shares, compared to its average volume of 2,844. The company has a 50-day moving average of $24.46 and a 200-day moving average of $24.07. MainStreet Bancshares has a 12 month low of $21.05 and a 12 month high of $25.27.

MainStreet Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 30th. Shareholders of record on Friday, March 14th will be paid a $0.4688 dividend. This represents a $1.88 annualized dividend and a yield of 7.59%. The ex-dividend date of this dividend is Friday, March 14th.

About MainStreet Bancshares

MainStreet Bancshares, Inc operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, bill pay, remote deposit capture, and courier services.