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

Merchants Bancorp (NASDAQ:MBINO) was the recipient of a significant growth in short interest in the month of 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.

Hedge Funds Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Thompson Investment Management Inc. bought a new position in Merchants Bancorp (NASDAQ:MBINO) during the first quarter, according to its most recent 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 Stock Up 0.2 %

Shares of MBINO stock traded up $0.05 on Friday, hitting $25.15. 13,310 shares of the stock 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 firm has a 50 day simple moving average of $25.00 and a two-hundred day simple moving average of $24.75.

Merchants Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.50 annualized dividend 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.