Merchants Bancorp (NASDAQ:MBINM) Short Interest Down 19.2% in October

Merchants Bancorp (NASDAQ:MBINM) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 2,100 shares, a drop of 19.2% from the September 30th total of 2,600 shares. Based on an average daily trading volume, of 4,500 shares, the short-interest ratio is presently 0.5 days.

Merchants Bancorp Stock Down 0.8 %

Shares of NASDAQ:MBINM traded down $0.21 during mid-day trading on Friday, hitting $25.99. 7,814 shares of the company traded hands, compared to its average volume of 7,807. The stock has a 50-day moving average price of $26.00 and a two-hundred day moving average price of $25.78. Merchants Bancorp has a 12-month low of $22.29 and a 12-month high of $26.80.

Merchants Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date was Friday, September 13th.

Merchants Bancorp Company Profile

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.