MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Sees Significant Decline in Short Interest

MainStreet Bancshares, Inc. (NASDAQ:MNSBP – Get Free Report) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 4,353 shares, a drop of 42.0% from the August 31st total of 7,499 shares. Based on an average trading volume of 1,633 shares, the short-interest ratio is presently 2.7 days.

MainStreet Bancshares Price Performance

Shares of MNSBP traded down $0.39 during midday trading on Wednesday, hitting $24.11. The company had a trading volume of 1,111 shares, compared to its average volume of 1,570. The company’s 50 day moving average price is $25.28 and its 200 day moving average price is $25.12. MainStreet Bancshares has a 52 week low of $23.22 and a 52 week high of $27.74.

MainStreet Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On MainStreet Bancshares

Several large investors have recently added to or reduced their stakes in MNSBP. BlackRock Inc. acquired a new position in MainStreet Bancshares in the second quarter worth $9,976,000. Empowered Funds LLC bought a new position in shares of MainStreet Bancshares in the 2nd quarter worth about $918,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of MainStreet Bancshares in the 2nd quarter worth about $750,000. GSA Capital Partners LLP bought a new position in shares of MainStreet Bancshares in the 2nd quarter worth about $574,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of MainStreet Bancshares in the 2nd quarter valued at about $430,000.

About MainStreet Bancshares

(Get Free Report)

MainStreet Bancshares, Inc is the bank holding company for MainStreet Bank, a community-focused financial institution headquartered in Fairfax, Virginia. Founded in 2004, the company provides banking services primarily to businesses, professionals and individuals in the Washington, DC, metropolitan area.

MainStreet Bank offers commercial and retail deposit accounts, business and consumer lending, residential mortgage lending, cash-management and treasury services, online and mobile banking, and other traditional banking products.

Further Reading

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