Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) Short Interest Down 50.0% in July

Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 100 shares, a decrease of 50.0% from the July 15th total of 200 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 0.1 days.

Farmers and Merchants Bancshares Price Performance

OTCMKTS:FMFG remained flat at $15.53 during trading hours on Tuesday. 168 shares of the company were exchanged, compared to its average volume of 1,671. Farmers and Merchants Bancshares has a 12-month low of $12.51 and a 12-month high of $20.50. The firm’s fifty day moving average is $14.77 and its 200-day moving average is $16.02.

Farmers and Merchants Bancshares Announces Dividend

The business also recently declared a dividend, which was paid on Friday, June 21st. Investors of record on Monday, June 3rd were issued a dividend of $0.33 per share. The ex-dividend date was Monday, June 3rd. Farmers and Merchants Bancshares’s dividend payout ratio is currently 41.16%.

Farmers and Merchants Bancshares Company Profile

Farmers and Merchants Bancshares, Inc operates as the bank holding company for Farmers and Merchants Bank that provides commercial and retail banking services to individuals and businesses in Baltimore and Carroll counties in Maryland and surrounding areas of northern Maryland. It offers checking, savings, money market, individual retirement, and sweep accounts, as well as certificates of deposit, remote check deposits, and repurchase agreements.