Merchants Bancorp (NASDAQ:MBINM) Short Interest Update

Merchants Bancorp (NASDAQ:MBINM) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 9,000 shares, a growth of 328.6% from the October 15th total of 2,100 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is currently 1.7 days.

Merchants Bancorp Price Performance

Shares of NASDAQ MBINM traded down $0.10 during mid-day trading on Tuesday, hitting $26.44. 2,715 shares of the company were exchanged, compared to its average volume of 7,903. The stock has a 50 day simple moving average of $26.05 and a 200-day simple moving average of $25.81. Merchants Bancorp has a 1-year low of $24.15 and a 1-year high of $26.80.

Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a $0.5156 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.06 dividend on an annualized basis and a yield of 7.80%.

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.