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

Merchants Bancorp (NASDAQ:MBINO) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 5,400 shares, a decrease of 26.0% from the September 30th total of 7,300 shares. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is presently 0.6 days.

Merchants Bancorp Price Performance

Shares of MBINO remained flat at $25.17 during trading hours on Friday. 3,859 shares of the stock traded hands, compared to its average volume of 11,087. The stock has a 50 day moving average price of $25.11 and a two-hundred day moving average price of $24.87. Merchants Bancorp has a 52 week low of $19.17 and a 52 week high of $25.35.

Merchants Bancorp Announces Dividend

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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Friday, September 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.