Merchants Bancorp (NASDAQ:MBINM) Short Interest Up 23.5% in January

Merchants Bancorp (NASDAQ:MBINM) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 21,256 shares, a growth of 23.5% from the December 31st total of 17,216 shares. Based on an average daily volume of 5,772 shares, the short-interest ratio is presently 3.7 days. Based on an average daily volume of 5,772 shares, the short-interest ratio is presently 3.7 days.

Merchants Bancorp Trading Up 0.4%

Shares of NASDAQ:MBINM traded up $0.09 during trading on Tuesday, reaching $25.65. The company had a trading volume of 254 shares, compared to its average volume of 6,525. Merchants Bancorp has a fifty-two week low of $24.00 and a fifty-two week high of $26.25. The stock’s fifty day moving average price is $25.26 and its 200 day moving average price is $25.01.

Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were issued a dividend of $0.5156 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.06 dividend on an annualized basis and a yield of 8.0%.

Institutional Investors Weigh In On Merchants Bancorp

An institutional investor recently bought a new position in Merchants Bancorp stock. Archer Investment Corp purchased a new stake in Merchants Bancorp (NASDAQ:MBINM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,000 shares of the company’s stock, valued at approximately $102,000.

Merchants Bancorp Company Profile

Merchants Bancorp is a bank holding company whose principal subsidiary, Merchants Bank, provides a broad range of financial services to individuals, businesses and institutional clients. Headquartered in Harrisburg, Pennsylvania, the company focuses on delivering community-oriented banking solutions throughout central Pennsylvania. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing, and cash management services designed to meet the needs of both retail and corporate customers.

On the lending side, Merchants Bancorp extends credit through commercial real estate loans, construction financing, equipment loans, and lines of credit for small- and middle-market enterprises.