Short Interest in MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Grows By 77.8%

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,800 shares, a growth of 77.8% from the February 28th total of 2,700 shares. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is presently 4.0 days.

MainStreet Bancshares Stock Performance

Shares of NASDAQ:MNSBP traded down $0.16 on Friday, reaching $24.69. The company’s stock had a trading volume of 657 shares, compared to its average volume of 2,844. The company has a 50-day simple moving average of $24.46 and a 200 day simple moving average of $24.08. MainStreet Bancshares has a 52-week low of $21.05 and a 52-week high of $25.27.

MainStreet Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 30th. Stockholders of record on Friday, March 14th will be given a dividend of $0.4688 per share. This represents a $1.88 annualized dividend and a dividend yield of 7.59%. The ex-dividend date of this dividend is Friday, March 14th.

About MainStreet Bancshares

MainStreet Bancshares, Inc operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, bill pay, remote deposit capture, and courier services.