Short Interest in MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Expands By 78.9%

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 4,694 shares, an increase of 78.9% from the April 30th total of 2,624 shares. Based on an average daily trading volume, of 1,389 shares, the short-interest ratio is currently 3.4 days.

MainStreet Bancshares Price Performance

Shares of MNSBP opened at $25.20 on Tuesday. MainStreet Bancshares has a 1 year low of $23.06 and a 1 year high of $28.25. The company’s fifty day moving average is $25.01 and its two-hundred day moving average is $24.82.

MainStreet Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, June 15th.

About MainStreet Bancshares

MainStreet Bancshares, Inc is a bank holding company headquartered in Stanwood, Washington, that provides commercial and consumer banking services through its subsidiary, MainStreet Bank. The company’s core activities include deposit-taking, lending, and treasury management, with an emphasis on personalized customer relationships. Through branch offices and digital channels, MainStreet Bancshares aims to serve small to mid-sized businesses, professionals, and individuals across its markets.

MainStreet Bancshares offers a range of deposit products, including checking accounts, savings accounts, money market accounts, certificates of deposit and individual retirement accounts.