Short Interest in Merchants Bancorp (NASDAQ:MBINN) Drops By 25.7%

Merchants Bancorp (NASDAQ:MBINN) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 2,600 shares, a drop of 25.7% from the October 15th total of 3,500 shares. Based on an average daily volume of 9,000 shares, the short-interest ratio is currently 0.3 days.

Merchants Bancorp Price Performance

Shares of NASDAQ MBINN traded up $0.07 on Thursday, reaching $22.75. 4,925 shares of the company’s stock traded hands, compared to its average volume of 7,537. Merchants Bancorp has a 12 month low of $17.84 and a 12 month high of $24.34. The business’s 50 day simple moving average is $23.09 and its two-hundred day simple moving average is $21.68.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.