MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Short Interest Up 75.8% in April

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,624 shares, an increase of 75.8% from the April 15th total of 1,493 shares. Based on an average daily volume of 724 shares, the days-to-cover ratio is presently 3.6 days.

MainStreet Bancshares Price Performance

MNSBP traded down $0.23 during midday trading on Monday, reaching $24.88. The company’s stock had a trading volume of 6,660 shares, compared to its average volume of 1,469. MainStreet Bancshares has a 1 year low of $23.06 and a 1 year high of $28.25. The stock’s 50-day moving average is $24.99 and its 200-day moving average is $24.77.

MainStreet Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 7.6%. This is a boost from MainStreet Bancshares’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, March 13th.

MainStreet Bancshares Company Profile

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.