MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Stock Short Interest Drops 42.0%

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 4,353 shares, a decrease of 42.0% from the August 31st total of 7,499 shares. Based on an average daily volume of 1,633 shares, the short-interest ratio is currently 2.7 days.

Institutional Investors Weigh In On MainStreet Bancshares

Hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in MainStreet Bancshares in the second quarter valued at about $9,976,000. Empowered Funds LLC bought a new stake in shares of MainStreet Bancshares during the second quarter worth about $918,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of MainStreet Bancshares during the second quarter worth about $750,000. GSA Capital Partners LLP acquired a new position in shares of MainStreet Bancshares in the second quarter valued at approximately $574,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of MainStreet Bancshares in the second quarter valued at approximately $430,000.

MainStreet Bancshares Price Performance

MNSBP stock traded down $0.13 during trading on Friday, reaching $24.80. 202 shares of the company were exchanged, compared to its average volume of 1,568. The company has a 50-day moving average of $25.28 and a two-hundred day moving average of $25.12. MainStreet Bancshares has a twelve month low of $23.22 and a twelve month high of $27.74.

MainStreet Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Tuesday, September 15th.

MainStreet Bancshares Company Profile

MainStreet Bancshares, Inc is the bank holding company for MainStreet Bank, a community-focused financial institution headquartered in Fairfax, Virginia. Founded in 2004, the company provides banking services primarily to businesses, professionals and individuals in the Washington, DC, metropolitan area.

MainStreet Bank offers commercial and retail deposit accounts, business and consumer lending, residential mortgage lending, cash-management and treasury services, online and mobile banking, and other traditional banking products.