Tectonic Financial, Inc. (NASDAQ:TECTP) Short Interest Up 161.5% in January

Tectonic Financial, Inc. (NASDAQ:TECTP) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 6,800 shares, a growth of 161.5% from the January 15th total of 2,600 shares. Based on an average daily trading volume, of 3,400 shares, the short-interest ratio is presently 2.0 days.

Tectonic Financial Price Performance

Shares of Tectonic Financial stock traded down $0.08 during trading hours on Wednesday, hitting $10.29. The company’s stock had a trading volume of 1,098 shares, compared to its average volume of 4,495. The business has a fifty day moving average of $10.44 and a 200 day moving average of $10.38. Tectonic Financial has a 1-year low of $9.95 and a 1-year high of $11.68.

Tectonic Financial Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th will be given a $0.3036 dividend. This represents a $1.21 annualized dividend and a dividend yield of 11.80%. The ex-dividend date is Friday, February 7th.

Tectonic Financial Company Profile

Tectonic Financial, Inc, a financial holding company, provides banking and financial products and services to high net worth individuals, small businesses, and institutions in the United States. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit; commercial and real estate loans, dental loans, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services.