Merchants Bancorp (NASDAQ:MBINN) Short Interest Down 72.7% in March

Merchants Bancorp (NASDAQ:MBINN) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 3,300 shares, a decline of 72.7% from the February 29th total of 12,100 shares. Based on an average daily volume of 8,600 shares, the short-interest ratio is presently 0.4 days.

Merchants Bancorp Stock Performance

Shares of MBINN stock traded up $0.18 on Wednesday, reaching $21.16. 7,069 shares of the company’s stock traded hands, compared to its average volume of 8,133. The business’s 50 day moving average price is $21.26 and its two-hundred day moving average price is $19.48. Merchants Bancorp has a 12-month low of $15.92 and a 12-month high of $22.48.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a $0.375 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.50 dividend on an annualized basis and a yield of 7.09%.

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. 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; offers customized loan products for need-based skilled nursing facilities, independent living, assisted living, and memory care; and tax credit equity syndicator.