Merchants Bancorp (NASDAQ:MBINN) Short Interest Up 1,090.0% in September

Merchants Bancorp (NASDAQ:MBINN) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 11,900 shares, an increase of 1,090.0% from the September 15th total of 1,000 shares. Based on an average daily trading volume, of 8,000 shares, the days-to-cover ratio is currently 1.5 days.

Merchants Bancorp Trading Down 0.6 %

Shares of NASDAQ:MBINN traded down $0.14 during midday trading on Friday, hitting $23.80. 4,255 shares of the stock were exchanged, compared to its average volume of 7,508. Merchants Bancorp has a twelve month low of $16.50 and a twelve month high of $24.34. The company has a 50 day moving average price of $22.16 and a 200-day moving average price of $21.24.

Merchants Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.30%. The ex-dividend date of this dividend 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.