Merchants Bancorp (NASDAQ:MBINO) Short Interest Update

Merchants Bancorp (NASDAQ:MBINO) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 2,700 shares, a growth of 200.0% from the November 30th total of 900 shares. Based on an average trading volume of 15,300 shares, the days-to-cover ratio is presently 0.2 days.

Merchants Bancorp Stock Performance

Shares of MBINO remained flat at $24.96 during midday trading on Thursday. 41,286 shares of the stock traded hands, compared to its average volume of 12,350. The firm has a 50 day moving average price of $25.25 and a 200 day moving average price of $25.05. Merchants Bancorp has a one year low of $23.75 and a one year high of $25.51.

Merchants Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.59 per share. The ex-dividend date is Friday, December 13th. This represents a $2.36 annualized dividend and a yield of 9.46%. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.38.

About Merchants Bancorp

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.