Tectonic Financial, Inc. (NASDAQ:TECTP) Short Interest Update

Tectonic Financial, Inc. (NASDAQ:TECTPGet Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 3,600 shares, a decline of 25.0% from the April 30th total of 4,800 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 1.8 days.

Tectonic Financial Trading Down 0.1 %

Shares of NASDAQ TECTP opened at $10.23 on Friday. Tectonic Financial has a 1 year low of $9.80 and a 1 year high of $11.68. The company’s 50-day moving average is $10.28 and its 200 day moving average is $10.17.

Tectonic Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd were issued a dividend of $0.225 per share. The ex-dividend date was Thursday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.80%.

About Tectonic Financial

(Get Free Report)

Tectonic Financial, Inc, a financial holding company, provides banking and financial products and services to high net worth individuals, small businesses, and institutions in the United States. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit; commercial and real estate loans, dental loans, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services.

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