Merchants Bancorp (NASDAQ:MBINO) Sees Significant Increase in Short Interest

Merchants Bancorp (NASDAQ:MBINO) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 4,900 shares, a growth of 25.6% from the August 31st total of 3,900 shares. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Merchants Bancorp stock. Thompson Investment Management Inc. bought a new stake in shares of Merchants Bancorp (NASDAQ:MBINO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,800 shares of the company’s stock, valued at approximately $43,000.

Merchants Bancorp Trading Up 0.2 %

MBINO stock traded up $0.05 during midday trading on Friday, reaching $25.15. 13,310 shares of the company traded hands, compared to its average volume of 11,132. Merchants Bancorp has a 52-week low of $19.17 and a 52-week high of $25.35. The business has a 50 day moving average of $25.00 and a 200-day moving average of $24.75.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.375 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.50 dividend on an annualized basis and a yield of 5.96%.

Merchants Bancorp Company Profile

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.