MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Short Interest Update

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 2,624 shares, a growth of 75.8% from the April 15th total of 1,493 shares. Based on an average daily trading volume, of 724 shares, the days-to-cover ratio is presently 3.6 days.

MainStreet Bancshares Stock Down 0.2%

NASDAQ MNSBP traded down $0.06 during trading on Tuesday, hitting $24.74. 6,661 shares of the company’s stock were exchanged, compared to its average volume of 1,469. MainStreet Bancshares has a fifty-two week low of $23.06 and a fifty-two week high of $28.25. The stock’s 50 day moving average price is $24.99 and its two-hundred day moving average price is $24.77.

MainStreet Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 13th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from MainStreet Bancshares’s previous quarterly dividend of $0.47.

About MainStreet Bancshares

MainStreet Bancshares, Inc is a bank holding company headquartered in Stanwood, Washington, that provides commercial and consumer banking services through its subsidiary, MainStreet Bank. The company’s core activities include deposit-taking, lending, and treasury management, with an emphasis on personalized customer relationships. Through branch offices and digital channels, MainStreet Bancshares aims to serve small to mid-sized businesses, professionals, and individuals across its markets.

MainStreet Bancshares offers a range of deposit products, including checking accounts, savings accounts, money market accounts, certificates of deposit and individual retirement accounts.