Merchants Bancorp (NASDAQ:MBINM) Short Interest Up 55.5% in August

Merchants Bancorp (NASDAQ:MBINM) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 14,886 shares, a growth of 55.5% from the August 15th total of 9,572 shares. Based on an average daily volume of 4,938 shares, the short-interest ratio is presently 3.0 days.

Merchants Bancorp Price Performance

Shares of NASDAQ MBINM traded up $0.03 during midday trading on Friday, reaching $25.42. 1,865 shares of the company traded hands, compared to its average volume of 9,254. The stock has a 50-day moving average price of $25.57 and a 200 day moving average price of $25.42. Merchants Bancorp has a 52 week low of $24.00 and a 52 week high of $25.96.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Tuesday, September 15th.

About Merchants Bancorp

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.