Merchants Bancorp (NASDAQ:MBINM) Short Interest Up 753.0% in June

Merchants Bancorp (NASDAQ:MBINM – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 34,862 shares, an increase of 753.0% from the June 15th total of 4,087 shares. Based on an average trading volume of 15,546 shares, the short-interest ratio is presently 2.2 days.

Merchants Bancorp Stock Down 0.0%

Merchants Bancorp stock opened at $25.45 on Monday. Merchants Bancorp has a 52 week low of $24.00 and a 52 week high of $25.96. The business’s 50-day moving average price is $25.46 and its 200 day moving average price is $25.39.

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Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were given a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On Merchants Bancorp

An institutional investor recently bought a new stake in Merchants Bancorp stock. Archer Investment Corp purchased a new stake in Merchants Bancorp (NASDAQ:MBINM – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,000 shares of the company’s stock, valued at approximately $102,000.

About Merchants Bancorp

(Get Free Report)

Merchants Bancorp is a bank holding company whose principal subsidiary, Merchants Bank, provides a broad range of financial services to individuals, businesses and institutional clients. Headquartered in Harrisburg, Pennsylvania, the company focuses on delivering community-oriented banking solutions throughout central Pennsylvania. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing, and cash management services designed to meet the needs of both retail and corporate customers.

On the lending side, Merchants Bancorp extends credit through commercial real estate loans, construction financing, equipment loans, and lines of credit for small- and middle-market enterprises.

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