Short Interest in Medallion Bank (NASDAQ:MBNKP) Drops By 33.3%

Medallion Bank (NASDAQ:MBNKP) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 400 shares, a drop of 33.3% from the August 31st total of 600 shares. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is presently 0.1 days.

Medallion Bank Stock Up 0.5 %

Shares of NASDAQ MBNKP opened at $24.52 on Thursday. Medallion Bank has a twelve month low of $22.01 and a twelve month high of $25.29. The stock has a fifty day simple moving average of $24.87 and a 200-day simple moving average of $24.88.

Medallion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.16%. The ex-dividend date of this dividend is Monday, September 16th.

Medallion Bank Company Profile

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.