Short Interest in Merchants Bancorp (NASDAQ:MBINO) Increases By 2,700.0%

Merchants Bancorp (NASDAQ:MBINO) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 8,400 shares, a growth of 2,700.0% from the June 15th total of 300 shares. Based on an average trading volume of 10,500 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On Merchants Bancorp

An institutional investor recently bought a new position in Merchants Bancorp stock. Thompson Investment Management Inc. acquired a new stake in Merchants Bancorp (NASDAQ:MBINO) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 1,800 shares of the company’s stock, valued at approximately $43,000.

Merchants Bancorp Stock Performance

NASDAQ:MBINO traded up $0.01 during mid-day trading on Friday, hitting $24.82. 2,289 shares of the stock were exchanged, compared to its average volume of 12,281. The firm’s 50-day simple moving average is $24.74 and its 200 day simple moving average is $24.49. Merchants Bancorp has a fifty-two week low of $19.17 and a fifty-two week high of $25.18.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date of this dividend was Friday, June 14th.

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.