Tectonic Financial, Inc. (NASDAQ:TECTP) Sees Large Increase in Short Interest

Tectonic Financial, Inc. (NASDAQ:TECTP) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 4,300 shares, a growth of 87.0% from the March 31st total of 2,300 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is presently 3.1 days.

Tectonic Financial Stock Up 1.2 %

TECTP traded up $0.12 during trading on Friday, reaching $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 simple moving average of $10.20 and a 200-day simple moving average of $10.13. Tectonic Financial has a 52 week low of $9.80 and a 52 week high of $10.43.

Tectonic Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, May 3rd will be given a $0.225 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 8.67%.

Tectonic Financial Company Profile

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.