Merchants Bancorp (NASDAQ:MBINN) Sees Significant Decrease in Short Interest

Merchants Bancorp (NASDAQ:MBINN) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 1,000 shares, a decline of 73.0% from the March 15th total of 3,700 shares. Based on an average daily volume of 8,400 shares, the days-to-cover ratio is currently 0.1 days.

Merchants Bancorp Trading Up 3.1 %

Shares of Merchants Bancorp stock opened at $19.19 on Tuesday. The company has a 50-day simple moving average of $21.11 and a 200 day simple moving average of $21.92. Merchants Bancorp has a 12-month low of $18.31 and a 12-month high of $24.34.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date was Friday, March 14th.

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.