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

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

Merchants Bancorp Stock Up 1.0 %

NASDAQ:MBINN opened at $22.83 on Friday. The firm’s fifty day simple moving average is $23.21 and its 200-day simple moving average is $21.86. Merchants Bancorp has a fifty-two week low of $18.26 and a fifty-two week high of $24.34.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.50 dividend on an annualized basis and a yield of 6.57%.

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.