Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 3,310 shares, a decrease of 30.2% from the December 15th total of 4,743 shares. Based on an average daily trading volume, of 27,882 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 27,882 shares, the days-to-cover ratio is currently 0.1 days.

Merchants Bancorp Stock Down 0.9%

Shares of NASDAQ:MBINN traded down $0.19 during midday trading on Friday, hitting $19.88. The stock had a trading volume of 3,070 shares, compared to its average volume of 10,243. The stock has a 50 day moving average price of $19.13 and a two-hundred day moving average price of $19.94. Merchants Bancorp has a 1 year low of $18.27 and a 1 year high of $22.35.

Merchants Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 15th were given a $0.375 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.50 annualized dividend and a yield of 7.5%.

About Merchants Bancorp

Merchants Bancorp (NASDAQ: MBINN) is a bank holding company headquartered in Buffalo, New York. Through its subsidiary, Merchants Bank, the company provides a comprehensive suite of commercial and consumer banking products across Western New York. Its branch network serves individuals, small businesses and institutional clients with personalized banking solutions.

The company’s core offerings include deposit products such as checking, savings and certificates of deposit, alongside a portfolio of lending products that encompasses commercial and industrial loans, commercial real estate financing, residential mortgages and consumer credit lines.