Merchants Bancorp (NASDAQ:MBINM) Stock Short Interest Declines 85.8%

Merchants Bancorp (NASDAQ:MBINM) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,034 shares, a drop of 85.8% from the September 15th total of 7,298 shares. Based on an average daily trading volume, of 10,465 shares, the short-interest ratio is presently 0.1 days.

Merchants Bancorp Trading Down 1.3%

MBINM traded down $0.33 during trading on Monday, hitting $24.75. 18,083 shares of the stock were exchanged, compared to its average volume of 9,415. The firm has a 50 day simple moving average of $25.52 and a 200 day simple moving average of $25.42. Merchants Bancorp has a 1 year low of $24.00 and a 1 year high of $25.96.

Merchants Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were given a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a yield of 8.3%. The ex-dividend date was Tuesday, September 15th.

Merchants Bancorp Company Profile

Merchants Bancorp is a diversified financial services holding company headquartered in Carmel, Indiana. Through its banking and specialty finance subsidiaries, the company provides mortgage banking, multifamily and healthcare real estate financing, and other commercial banking services to businesses, real estate developers, healthcare operators and consumers.

Its mortgage banking operations originate, finance, sell and service residential mortgage loans, including government-sponsored and government-insured products.