Short Interest in Merchants Bancorp (NASDAQ:MBINN) Declines By 23.1%

Merchants Bancorp (NASDAQ:MBINN) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 2,000 shares, a drop of 23.1% from the October 31st total of 2,600 shares. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is presently 0.2 days.

Merchants Bancorp Stock Up 0.7 %

Shares of NASDAQ MBINN traded up $0.16 during trading on Friday, hitting $22.99. 4,061 shares of the company traded hands, compared to its average volume of 7,617. The company has a 50-day moving average price of $23.21 and a 200-day moving average price of $21.89. Merchants Bancorp has a 1 year low of $18.45 and a 1 year high of $24.34.

Merchants Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 6.52%. The ex-dividend date is Friday, December 13th.

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.