Tectonic Financial, Inc. (NASDAQ:TECTP) Sees Large Decline in Short Interest

Tectonic Financial, Inc. (NASDAQ:TECTP) was the target of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,600 shares, a drop of 27.8% from the November 15th total of 3,600 shares. Based on an average daily trading volume, of 3,500 shares, the short-interest ratio is presently 0.7 days.

Tectonic Financial Trading Down 0.3 %

Shares of NASDAQ TECTP traded down $0.03 during trading on Friday, reaching $10.39. The company had a trading volume of 1,626 shares, compared to its average volume of 3,496. The company’s fifty day moving average price is $10.39 and its 200-day moving average price is $10.34. Tectonic Financial has a 12 month low of $9.97 and a 12 month high of $11.68.

Tectonic Financial Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.3092 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.24 annualized dividend and a yield of 11.91%.

About Tectonic Financial

Tectonic Financial, Inc, a financial holding company, provides banking and financial products and services to high net worth individuals, small businesses, and institutions in the United States. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit; commercial and real estate loans, dental loans, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services.