Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 7,100 shares, an increase of 373.3% from the November 30th total of 1,500 shares. Based on an average trading volume of 9,000 shares, the days-to-cover ratio is currently 0.8 days.

Merchants Bancorp Price Performance

MBINN stock traded up $0.02 during trading on Thursday, hitting $20.72. The company had a trading volume of 13,242 shares, compared to its average volume of 7,794. The company has a fifty day moving average price of $22.46 and a two-hundred day moving average price of $22.05. Merchants Bancorp has a fifty-two week low of $18.95 and a fifty-two week high of $24.34.

Merchants Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 7.24%. The ex-dividend date is Friday, December 13th.

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.