Short Interest in Merchants Bancorp (NASDAQ:MBINN) Declines By 25.0%

Merchants Bancorp (NASDAQ:MBINN) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 1,500 shares, a drop of 25.0% from the November 15th total of 2,000 shares. Based on an average daily volume of 8,900 shares, the short-interest ratio is currently 0.2 days.

Merchants Bancorp Stock Performance

MBINN stock traded down $0.02 during midday trading on Friday, reaching $21.77. The stock had a trading volume of 9,899 shares, compared to its average volume of 7,588. The firm has a fifty day simple moving average of $22.93 and a two-hundred day simple moving average of $22.03. Merchants Bancorp has a 52-week low of $18.95 and a 52-week high of $24.34.

Merchants Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.89%.

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. 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.