Merchants Bancorp (NASDAQ:MBINM) Stock Short Interest Falls 85.8%

Merchants Bancorp (NASDAQ:MBINM) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,034 shares, a drop of 85.8% from the September 15th total of 7,298 shares. Based on an average daily volume of 10,465 shares, the short-interest ratio is currently 0.1 days.

Merchants Bancorp Price Performance

Shares of NASDAQ MBINM remained flat at $25.08 during midday trading on Friday. 5,556 shares of the stock traded hands, compared to its average volume of 9,371. The company’s 50 day simple moving average is $25.52 and its two-hundred day simple moving average is $25.42. Merchants Bancorp has a one year low of $24.00 and a one year high of $25.96.

Merchants Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were issued a $0.5156 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.06 annualized dividend and a yield of 8.2%.

Merchants Bancorp Company Profile

Merchants Bancorp is a diversified financial services holding company headquartered in Carmel, Indiana. Through its banking and specialty finance subsidiaries, the company provides mortgage banking, multifamily and healthcare real estate financing, and other commercial banking services to businesses, real estate developers, healthcare operators and consumers.

Its mortgage banking operations originate, finance, sell and service residential mortgage loans, including government-sponsored and government-insured products.