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

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

Merchants Bancorp Stock Performance

NASDAQ:MBINM remained flat at $25.08 on Friday. 5,556 shares of the company’s stock were exchanged, compared to its average volume of 9,371. The stock’s 50-day simple moving average is $25.52 and its two-hundred day simple moving average is $25.42. Merchants Bancorp has a 52 week low of $24.00 and a 52 week high of $25.96.

Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Tuesday, September 15th.

About Merchants Bancorp

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.