Short Interest in Tectonic Financial, Inc. (NASDAQ:TECTP) Grows By 87.0%

Tectonic Financial, Inc. (NASDAQ:TECTP) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 4,300 shares, an increase of 87.0% from the March 31st total of 2,300 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is presently 3.1 days.

Tectonic Financial Price Performance

Tectonic Financial stock traded up $0.12 during mid-day trading on Friday, reaching $10.39. 4,415 shares of the company’s stock were exchanged, compared to its average volume of 2,770. Tectonic Financial has a twelve month low of $9.80 and a twelve month high of $10.43. The company has a fifty day moving average of $10.20 and a 200-day moving average of $10.13.

Tectonic Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 8.67%.

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.