Merchants Bancorp (NASDAQ:MBINO) Sees Large Growth in Short Interest

Merchants Bancorp (NASDAQ:MBINO) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 4,900 shares, an increase of 25.6% from the August 31st total of 3,900 shares. Based on an average trading volume of 10,700 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Merchants Bancorp stock. Thompson Investment Management Inc. purchased a new stake in Merchants Bancorp (NASDAQ:MBINO) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,800 shares of the company’s stock, valued at approximately $43,000.

Merchants Bancorp Price Performance

Shares of Merchants Bancorp stock remained flat at $25.15 on Monday. 8,637 shares of the stock were exchanged, compared to its average volume of 11,119. The stock’s fifty day simple moving average is $25.00 and its two-hundred day simple moving average is $24.75. Merchants Bancorp has a twelve month low of $19.17 and a twelve month high of $25.35.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a dividend of $0.375 per share. The ex-dividend date is Friday, September 13th. This represents a $1.50 annualized dividend and a yield of 5.96%.

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.