Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 4,800 shares, an increase of 380.0% from the March 31st total of 1,000 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is currently 0.7 days.

Merchants Bancorp Stock Performance

Shares of NASDAQ MBINN opened at $19.72 on Tuesday. The stock’s 50 day moving average price is $20.66 and its 200-day moving average price is $21.61. Merchants Bancorp has a twelve month low of $18.31 and a twelve month high of $24.34.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.61%. The ex-dividend date was Friday, March 14th.

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.