First Merchants Co. (NASDAQ:FRMEP) Stock Short Interest Rises 815.5%

Posted by Brenda Bartman on Sep 25th, 2026

First Merchants Co. (NASDAQ:FRMEP – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,419 shares, an increase of 815.5% from the August 31st total of 155 shares. Based on an average daily volume of 1,538 shares, the days-to-cover ratio is currently 0.9 days.

First Merchants Stock Performance

Shares of First Merchants stock opened at $25.30 on Friday. The business has a fifty day simple moving average of $25.33 and a 200-day simple moving average of $25.49. First Merchants has a fifty-two week low of $24.73 and a fifty-two week high of $27.09.

First Merchants Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 30th were issued a $0.4688 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend was Thursday, July 30th.

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.