Merchants Bancorp Experiences Significant Increase in Short Interest

Merchants Bancorp (NASDAQ:MBINM) has seen a considerable rise in short interest during December. As of December 15th, the total short interest was 21,800 shares, which marks an increase of 58.0% compared to the 13,800 shares reported on November 30th. With an average daily trading volume of 6,400 shares, the days-to-cover ratio currently stands at 3.4 days.

Merchants Bancorp Stock Performance

On Monday, Merchants Bancorp stock opened at $26.08. Over the past year, the stock attained a low of $24.15 and a high of $26.92. The company's fifty-day moving average is at $26.11, while the two-hundred-day moving average is $25.87.

Quarterly Dividend Announcement

In addition, Merchants Bancorp recently announced a quarterly dividend that will be disbursed on Thursday, January 2nd. Shareholders on record as of December 13th will receive a dividend of $0.5156. This translates to an annualized dividend of $2.06, resulting in a dividend yield of 7.91%. The ex-dividend date was set for December 13th.

Overview of Merchants Bancorp

Merchants Bancorp functions as a diversified bank holding company in the United States. The company operates through three main segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. Within the Multi-family Mortgage Banking segment, the enterprise engages in mortgage banking activities, originating and servicing government-sponsored mortgages. They also provide bridge financing products for refinancing, acquiring, or repositioning multi-family housing projects and offer construction lending for multi-family and healthcare facilities.

Merchants Bancorp, Stock, Short Interest