Merchants Bancorp (NASDAQ:MBINN) Short Interest Up 50.9% in December

Merchants Bancorp (NASDAQ:MBINN) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 4,743 shares, an increase of 50.9% from the November 30th total of 3,143 shares. Based on an average trading volume of 17,275 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 17,275 shares, the days-to-cover ratio is presently 0.3 days.

Merchants Bancorp Price Performance

Shares of MBINN stock traded down $0.25 on Tuesday, hitting $18.59. The stock had a trading volume of 24,858 shares, compared to its average volume of 10,535. The stock’s 50 day moving average is $19.44 and its 200-day moving average is $20.01. Merchants Bancorp has a 52-week low of $18.27 and a 52-week high of $22.35.

Merchants Bancorp (NASDAQ:MBINN) last posted its quarterly earnings data on Monday, January 31st. The company reported $1.14 earnings per share for the quarter. The firm had revenue of $112.82 million during the quarter.

Merchants Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Monday, December 15th. This represents a $1.50 annualized dividend and a yield of 8.1%.

Merchants Bancorp Company Profile

Merchants Bancorp (NASDAQ: MBINN) is a bank holding company headquartered in Buffalo, New York. Through its subsidiary, Merchants Bank, the company provides a comprehensive suite of commercial and consumer banking products across Western New York. Its branch network serves individuals, small businesses and institutional clients with personalized banking solutions.

The company’s core offerings include deposit products such as checking, savings and certificates of deposit, alongside a portfolio of lending products that encompasses commercial and industrial loans, commercial real estate financing, residential mortgages and consumer credit lines.