Merchants Bancorp (NASDAQ:MBINM) Shares Shorted: Short Interest Up 936.0% in October

Merchants Bancorp (NASDAQ:MBINM) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 10,712 shares, an increase of 936.0% from the September 30th total of 1,034 shares. Based on an average daily volume of 11,257 shares, the short-interest ratio is presently 1.0 days.

Merchants Bancorp Stock Performance

NASDAQ MBINM traded down $0.14 on Monday, reaching $25.21. The company had a trading volume of 2,341 shares, compared to its average volume of 9,383. The business has a 50 day moving average of $25.39 and a two-hundred day moving average of $25.40. Merchants Bancorp has a fifty-two week low of $24.00 and a fifty-two week high of $25.96.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend was Tuesday, September 15th.

Merchants Bancorp Company Profile

Merchants Bancorp is a diversified financial holding company headquartered in Carmel, Indiana. Founded in 2007, the company operates primarily through Merchants Bank of Indiana and related subsidiaries, providing banking and specialized finance services to businesses, real estate borrowers and mortgage originators.

The company operates through banking, mortgage warehousing and multifamily mortgage banking activities. Its banking operations offer deposit products and commercial lending, while its mortgage warehouse business provides revolving lines of credit to mortgage lenders.