Merchants Bancorp (NASDAQ:MBINN) Short Interest Up 400.0% in July

Merchants Bancorp (NASDAQ:MBINN) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 1,000 shares, a growth of 400.0% from the June 30th total of 200 shares. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is presently 0.2 days.

Merchants Bancorp Trading Up 1.3 %

NASDAQ MBINN traded up $0.28 on Thursday, reaching $21.13. The company had a trading volume of 893 shares, compared to its average volume of 6,956. The company’s fifty day moving average is $21.02 and its 200 day moving average is $20.90. Merchants Bancorp has a 52-week low of $16.31 and a 52-week high of $23.00.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date was Friday, June 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.