Short Interest in Medallion Bank (NASDAQ:MBNKP) Expands By 245.5%

Medallion Bank (NASDAQ:MBNKP) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 3,800 shares, a growth of 245.5% from the November 30th total of 1,100 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is currently 1.7 days.

Medallion Bank Trading Down 0.5 %

Shares of Medallion Bank stock traded down $0.13 during trading on Friday, hitting $25.07. 964 shares of the company were exchanged, compared to its average volume of 2,054. Medallion Bank has a fifty-two week low of $23.46 and a fifty-two week high of $27.00. The firm has a 50 day moving average price of $25.56 and a 200 day moving average price of $25.13.

Medallion Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.98%.

Medallion Bank Company Profile

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.