Short Interest in Medallion Bank (NASDAQ:MBNKP) Expands By 200.0%

Medallion Bank (NASDAQ:MBNKP) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 600 shares, an increase of 200.0% from the August 15th total of 200 shares. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is presently 0.3 days.

Medallion Bank Price Performance

Shares of MBNKP traded up $0.02 during midday trading on Thursday, hitting $25.10. The company had a trading volume of 614 shares, compared to its average volume of 1,810. The company’s 50 day moving average price is $24.87 and its 200 day moving average price is $24.89. Medallion Bank has a 52 week low of $22.01 and a 52 week high of $25.29.

Medallion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.97%. The ex-dividend date is Monday, September 16th.

About Medallion Bank

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.