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

First Merchants Co. (NASDAQ:FRMEP) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 500 shares, an increase of 150.0% from the August 31st total of 200 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 0.5 days.

First Merchants Stock Down 0.1 %

NASDAQ:FRMEP opened at $25.46 on Friday. The company has a 50 day moving average price of $25.29 and a 200-day moving average price of $25.26. First Merchants has a 1-year low of $22.79 and a 1-year high of $26.43.

First Merchants Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Tuesday, July 30th were paid a $0.4688 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $1.88 dividend on an annualized basis and a yield of 7.37%.

About First Merchants

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans.