It Seems Merchants Bancorp (NASDAQ:MBIN) Will Go Down. Just Reported More Shorted Shares

February 15, 2018 - By Adrian Erickson

 It Seems Merchants Bancorp (NASDAQ:MBIN) Will Go Down. Just Reported More Shorted Shares

The stock of Merchants Bancorp (NASDAQ:MBIN) registered an increase of 6.67% in short interest. MBIN’s total short interest was 3,200 shares in February as published by FINRA. Its up 6.67% from 3,000 shares, reported previously.

The stock decreased 0.32% or $0.07 during the last trading session, reaching $20.43. About 2,563 shares traded. Merchants Bancorp (NASDAQ:MBIN) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Merchants Bancorp operates as a bank holding firm for Merchants Bank of Indiana that provides various banking services and products in the United States. The company has market cap of $586.18 million. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking divisions. It has a 8.97 P/E ratio. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.

Merchants Bancorp (NASDAQ:MBIN) Ratings Coverage

Among 4 analysts covering Merchants Bancorp (NASDAQ:MBIN), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Merchants Bancorp had 5 analyst reports since November 21, 2017 according to SRatingsIntel. The stock of Merchants Bancorp (NASDAQ:MBIN) has “Buy” rating given on Monday, January 8 by SunTrust.

More notable recent Merchants Bancorp (NASDAQ:MBIN) news were published by: which released: “Merchants Bancorp Reports Third Quarter 2017 Results” on December 07, 2017, also with their article: “Merchants Bancorp Announces Closing of Its Initial Public Offering” published on October 31, 2017, published: “Merchants Bancorp prices IPO at $16 a share, below $17 to $19 price range” on October 27, 2017. More interesting news about Merchants Bancorp (NASDAQ:MBIN) were released by: and their article: “Carmel-based Merchants Bancorp reports record profits for 2017” published on February 09, 2018 as well as‘s news article titled: “Merchants Bancorp Announces Executive Officer Promotions” with publication date: November 20, 2017.

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