Merchants Bancorp (NASDAQ:MBINM) Short Interest Down 26.7% in September

Merchants Bancorp (NASDAQ:MBINM) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,300 shares, a drop of 26.7% from the August 31st total of 4,500 shares. Based on an average trading volume of 24,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 24,200 shares, the days-to-cover ratio is presently 0.1 days.

Merchants Bancorp Trading Up 0.1%

Shares of MBINM stock opened at $24.88 on Tuesday. The company has a 50 day moving average price of $25.10 and a 200-day moving average price of $25.16. Merchants Bancorp has a 52 week low of $24.63 and a 52 week high of $26.92.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a dividend of $0.5156 per share. The ex-dividend date was Monday, September 15th. This represents a $2.06 dividend on an annualized basis and a yield of 8.3%.

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.