Tectonic Financial, Inc. (NASDAQ:TECTP) Sees Large Decrease in Short Interest

Tectonic Financial, Inc. (NASDAQ:TECTP) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 2,600 shares, a drop of 27.8% from the November 15th total of 3,600 shares. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is presently 0.7 days.

Tectonic Financial Stock Down 0.3 %

NASDAQ:TECTP traded down $0.03 during midday trading on Friday, hitting $10.39. The stock had a trading volume of 1,626 shares, compared to its average volume of 3,496. The stock has a 50-day moving average of $10.39 and a 200 day moving average of $10.34. Tectonic Financial has a one year low of $9.97 and a one year high of $11.68.

Tectonic Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.3092 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 11.91%. The ex-dividend date was Tuesday, November 5th.

About Tectonic Financial

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.