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

by · The Markets Daily

MainStreet Bancshares, Inc. (NASDAQ:MNSBP – Get Free Report) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 4,353 shares, a decline of 42.0% from the August 31st total of 7,499 shares. Based on an average trading volume of 1,633 shares, the days-to-cover ratio is currently 2.7 days.

MainStreet Bancshares Trading Down 1.6%

Shares of NASDAQ:MNSBP traded down $0.39 on Wednesday, hitting $24.11. The company’s stock had a trading volume of 1,111 shares, compared to its average volume of 1,570. MainStreet Bancshares has a 12 month low of $23.22 and a 12 month high of $27.74. The stock’s 50-day moving average is $25.28 and its two-hundred day moving average is $25.12.

MainStreet Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.88 annualized dividend and a yield of 7.8%.

Hedge Funds Weigh In On MainStreet Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG acquired a new position in MainStreet Bancshares during the 2nd quarter valued at about $128,000. Bank of New York Mellon Corp acquired a new stake in shares of MainStreet Bancshares in the 2nd quarter worth approximately $430,000. GSA Capital Partners LLP acquired a new stake in shares of MainStreet Bancshares in the 2nd quarter worth approximately $574,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of MainStreet Bancshares in the 2nd quarter worth approximately $750,000. Finally, Empowered Funds LLC acquired a new position in shares of MainStreet Bancshares during the second quarter valued at approximately $918,000.

About MainStreet Bancshares

(Get Free Report)

MainStreet Bancshares, Inc is the bank holding company for MainStreet Bank, a community-focused financial institution headquartered in Fairfax, Virginia. Founded in 2004, the company provides banking services primarily to businesses, professionals and individuals in the Washington, DC, metropolitan area.

MainStreet Bank offers commercial and retail deposit accounts, business and consumer lending, residential mortgage lending, cash-management and treasury services, online and mobile banking, and other traditional banking products.

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