Short Interest in Merchants Bancorp (NASDAQ:MBINN) Grows By 226.1%

Merchants Bancorp (NASDAQ:MBINN) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 10,793 shares, a growth of 226.1% from the December 31st total of 3,310 shares. Based on an average daily trading volume, of 10,845 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 10,845 shares, the short-interest ratio is presently 1.0 days.

Merchants Bancorp Stock Performance

Shares of Merchants Bancorp stock traded up $0.08 on Thursday, hitting $20.08. 6,398 shares of the company’s stock traded hands, compared to its average volume of 9,937. The firm’s 50-day moving average price is $19.17 and its two-hundred day moving average price is $19.95. Merchants Bancorp has a one year low of $18.27 and a one year high of $22.35.

Merchants Bancorp Announces Dividend

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

Merchants Bancorp Company Profile

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.