Merchants Bancorp (NASDAQ:MBINM) Stock Short Interest Jumps 936.0%

Merchants Bancorp (NASDAQ:MBINM) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 10,712 shares, an increase of 936.0% from the September 30th total of 1,034 shares. Based on an average daily volume of 11,257 shares, the days-to-cover ratio is currently 1.0 days.

Merchants Bancorp Stock Down 0.4%

Shares of NASDAQ:MBINM traded down $0.09 during midday trading on Tuesday, hitting $25.22. The company had a trading volume of 349 shares, compared to its average volume of 9,338. Merchants Bancorp has a 12 month low of $24.00 and a 12 month high of $25.96. The firm has a fifty day simple moving average of $25.39 and a 200 day simple moving average of $25.40.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were given a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a dividend yield of 8.2%. The ex-dividend date was Tuesday, September 15th.

Merchants Bancorp Company Profile

Merchants Bancorp is a diversified financial holding company headquartered in Carmel, Indiana. Founded in 2007, the company operates primarily through Merchants Bank of Indiana and related subsidiaries, providing banking and specialized finance services to businesses, real estate borrowers and mortgage originators.

The company operates through banking, mortgage warehousing and multifamily mortgage banking activities. Its banking operations offer deposit products and commercial lending, while its mortgage warehouse business provides revolving lines of credit to mortgage lenders.