Tectonic Financial, Inc. (NASDAQ:TECTP) Sees Significant Drop in Short Interest

Tectonic Financial, Inc. (NASDAQ:TECTP) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 3,600 shares, a drop of 47.1% from the January 31st total of 6,800 shares. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is presently 1.3 days.

Tectonic Financial Stock Down 1.2 %

Tectonic Financial stock opened at $10.35 on Friday. The company has a fifty day moving average price of $10.44 and a two-hundred day moving average price of $10.39. Tectonic Financial has a 12 month low of $9.95 and a 12 month high of $11.68.

Tectonic Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th were issued a $0.3036 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 11.73%. The ex-dividend date was Friday, February 7th.

About Tectonic Financial

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.