Merchants Bancorp (NASDAQ:MBINN) Short Interest Down 23.1% in November

Merchants Bancorp (NASDAQ:MBINN) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 2,000 shares, a decline of 23.1% from the October 31st total of 2,600 shares. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is presently 0.2 days.

Merchants Bancorp Price Performance

Merchants Bancorp stock traded up $0.16 during midday trading on Friday, reaching $22.99. The company’s stock had a trading volume of 4,061 shares, compared to its average volume of 7,617. Merchants Bancorp has a fifty-two week low of $18.45 and a fifty-two week high of $24.34. The stock’s 50 day simple moving average is $23.21 and its 200 day simple moving average is $21.90.

Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a dividend of $0.375 per share. The ex-dividend date is Friday, December 13th. This represents a $1.50 annualized dividend and a yield of 6.52%.

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.