Tectonic Financial, Inc. (NASDAQ:TECTP) Short Interest Update

Tectonic Financial, Inc. (NASDAQ:TECTP) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 4,300 shares, an increase of 87.0% from the March 31st total of 2,300 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 3.1 days.

Tectonic Financial Trading Up 1.2 %

TECTP traded up $0.12 during trading on Friday, hitting $10.39. The company had a trading volume of 4,415 shares, compared to its average volume of 2,770. The business has a 50-day moving average of $10.20 and a 200-day moving average of $10.13. Tectonic Financial has a 1-year low of $9.80 and a 1-year high of $10.43.

Tectonic Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.225 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.90 annualized dividend and a yield of 8.67%.

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.