Merchants Bancorp (NASDAQ:MBINM) Sees Significant Decline in Short Interest

Merchants Bancorp (NASDAQ:MBINM) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 7,298 shares, a decrease of 51.0% from the August 31st total of 14,886 shares. Based on an average trading volume of 6,169 shares, the days-to-cover ratio is presently 1.2 days.

Merchants Bancorp Price Performance

NASDAQ:MBINM traded up $0.08 during trading hours on Tuesday, hitting $25.43. 9,305 shares of the company traded hands, compared to its average volume of 9,251. Merchants Bancorp has a twelve month low of $24.00 and a twelve month high of $25.96. The firm has a 50-day moving average of $25.56 and a 200 day moving average of $25.40.

Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.5156 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.06 annualized dividend and a yield of 8.1%.

Merchants Bancorp Company Profile

Merchants Bancorp is a diversified financial services holding company headquartered in Carmel, Indiana. Through its banking and specialty finance subsidiaries, the company provides mortgage banking, multifamily and healthcare real estate financing, and other commercial banking services to businesses, real estate developers, healthcare operators and consumers.

Its mortgage banking operations originate, finance, sell and service residential mortgage loans, including government-sponsored and government-insured products.