Merchants Bancorp (NASDAQ:MBINO) Short Interest Up 200.0% in December

Merchants Bancorp (NASDAQ:MBINO) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,700 shares, an increase of 200.0% from the November 30th total of 900 shares. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is presently 0.2 days.

Merchants Bancorp Stock Up 0.0 %

Shares of MBINO traded up $0.01 during trading hours on Friday, hitting $24.97. The company had a trading volume of 39,710 shares, compared to its average volume of 12,462. Merchants Bancorp has a 52-week low of $23.75 and a 52-week high of $25.51. The stock’s 50 day moving average price is $25.25 and its 200 day moving average price is $25.05.

Merchants Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.59 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.36 annualized dividend and a yield of 9.45%. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.38.

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.