Merchants Bancorp (NASDAQ:MBINO) Short Interest Update

Merchants Bancorp (NASDAQ:MBINO) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,700 shares, an increase of 200.0% from the November 30th total of 900 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is currently 0.2 days.

Merchants Bancorp Stock Performance

MBINO stock remained flat at $24.96 during mid-day trading on Thursday. The company’s stock had a trading volume of 41,286 shares, compared to its average volume of 12,350. Merchants Bancorp has a 12 month low of $23.75 and a 12 month high of $25.51. The business has a 50 day moving average price of $25.25 and a 200-day moving average price of $25.05.

Merchants Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 9.46%. This is a positive change from Merchants Bancorp’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend 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.