Tectonic Financial, Inc. (NASDAQ:TECTP) Short Interest Update

Tectonic Financial, Inc. (NASDAQ:TECTP) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 4,300 shares, a growth of 87.0% from the March 31st total of 2,300 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 3.1 days.

Tectonic Financial Stock Up 1.2 %

Shares of NASDAQ:TECTP traded up $0.12 on Friday, hitting $10.39. The stock had a trading volume of 4,415 shares, compared to its average volume of 2,770. Tectonic Financial has a twelve month low of $9.80 and a twelve month high of $10.43. The firm’s 50 day moving average price is $10.20 and its 200-day moving average price is $10.13.

Tectonic Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, May 3rd will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 8.67%.

Tectonic Financial Company Profile

Tectonic Financial, Inc, a financial holding company, provides banking and financial products and services to high net worth individuals, small businesses, and institutions in the United States. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit; commercial and real estate loans, dental loans, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services.