First Merchants Co. (NASDAQ:FRMEP) Short Interest Update

Posted by Brenda Bartman on May 30th, 2026

First Merchants Co. (NASDAQ:FRMEP – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,818 shares, a growth of 498.0% from the April 30th total of 304 shares. Based on an average daily trading volume, of 2,571 shares, the days-to-cover ratio is presently 0.7 days.

First Merchants Trading Up 0.6%

First Merchants stock opened at $25.26 on Friday. First Merchants has a 12-month low of $24.73 and a 12-month high of $27.09. The business’s 50-day moving average price is $25.68 and its two-hundred day moving average price is $25.72.

First Merchants Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a dividend of $0.4688 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $1.88 annualized dividend and a dividend yield of 7.4%.

First Merchants Company Profile

(Get Free Report)

First Merchants Corporation (NASDAQ: FRMEP) is a bank holding company headquartered in Muncie, Indiana, offering a full suite of financial services through its subsidiary, First Merchants Bank. The company provides consumer and commercial banking products, including checking and savings accounts, business and real estate loans, treasury management, and digital banking solutions. First Merchants also offers mortgage origination, wealth management, trust services, and insurance brokerage through dedicated teams.

Incorporated in 1983, First Merchants traces its roots to Merchant’s National Bank of Muncie, which was founded in 1893.