Merchants Bancorp (NASDAQ:MBINO) Short Interest Up 200.0% in December

Merchants Bancorp (NASDAQ:MBINO) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,700 shares, an increase of 200.0% from the November 30th total of 900 shares. Based on an average trading volume of 15,300 shares, the short-interest ratio is presently 0.2 days.

Merchants Bancorp Stock Performance

Shares of MBINO opened at $24.97 on Friday. Merchants Bancorp has a 12-month low of $23.75 and a 12-month high of $25.51. The company has a 50-day moving average of $25.25 and a two-hundred day moving average of $25.05.

Merchants Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.59 per share. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.38. This represents a $2.36 annualized dividend and a dividend yield of 9.45%. The ex-dividend date of this dividend is Friday, December 13th.

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.