Short Interest in Merchants Bancorp (NASDAQ:MBINM) Grows By 214.4%

by · The Markets Daily

Merchants Bancorp (NASDAQ:MBINM – Get Free Report) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 17,216 shares, a growth of 214.4% from the December 15th total of 5,476 shares. Based on an average daily trading volume, of 34,511 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 34,511 shares, the short-interest ratio is presently 0.5 days.

Merchants Bancorp Stock Up 0.4%

Shares of NASDAQ:MBINM traded up $0.11 on Tuesday, hitting $25.30. The company had a trading volume of 2,325 shares, compared to its average volume of 6,425. Merchants Bancorp has a 52-week low of $24.00 and a 52-week high of $26.50. The business has a 50 day moving average of $24.93 and a 200 day moving average of $24.95.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 15th were issued a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date was Monday, December 15th.

About Merchants Bancorp

(Get Free Report)

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.

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