Tectonic Financial, Inc. (NASDAQ:TECTP) Sees Significant Decrease in Short Interest

Tectonic Financial, Inc. (NASDAQ:TECTP) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 2,600 shares, a drop of 29.7% from the February 28th total of 3,700 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is presently 0.9 days.

Tectonic Financial Trading Up 1.6 %

Shares of TECTP opened at $10.65 on Tuesday. The business’s fifty day moving average is $10.45 and its 200 day moving average is $10.41. Tectonic Financial has a 12-month low of $9.95 and a 12-month high of $11.68.

Tectonic Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were issued a dividend of $0.3036 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 11.40%. The ex-dividend date was Friday, February 7th.

Tectonic Financial Company Profile

Tectonic Financial, Inc, a financial holding company, provides banking and financial products and services to high net worth individuals, small businesses, and institutions in the United States. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit; commercial and real estate loans, dental loans, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services.