Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 3,700 shares, a growth of 164.3% from the February 28th total of 1,400 shares. Based on an average trading volume of 10,900 shares, the days-to-cover ratio is presently 0.3 days.

Merchants Bancorp Trading Down 1.6 %

Shares of NASDAQ MBINN traded down $0.33 during mid-day trading on Friday, reaching $20.82. 3,396 shares of the company were exchanged, compared to its average volume of 8,361. Merchants Bancorp has a 1 year low of $18.95 and a 1 year high of $24.34. The firm has a 50-day moving average of $21.75 and a 200 day moving average of $22.21.

Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date of this dividend is 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.