MainStreet Bancshares, Inc. (NASDAQ:MNSBP) Sees Significant Growth in Short Interest

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,800 shares, an increase of 77.8% from the February 28th total of 2,700 shares. Based on an average daily volume of 1,200 shares, the short-interest ratio is presently 4.0 days.

MainStreet Bancshares Stock Down 0.6 %

NASDAQ:MNSBP opened at $24.69 on Monday. MainStreet Bancshares has a 52 week low of $21.05 and a 52 week high of $25.27. The firm’s 50-day simple moving average is $24.46 and its 200 day simple moving average is $24.08.

MainStreet Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 30th. Investors of record on Friday, March 14th were given a dividend of $0.4688 per share. The ex-dividend date was Friday, March 14th. This represents a $1.88 annualized dividend and a yield of 7.59%.

MainStreet Bancshares Company Profile

MainStreet Bancshares, Inc operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, bill pay, remote deposit capture, and courier services.