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

Tectonic Financial, Inc. (NASDAQ:TECTP) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 6,800 shares, an increase of 161.5% from the January 15th total of 2,600 shares. Based on an average daily trading volume, of 3,400 shares, the days-to-cover ratio is currently 2.0 days.

Tectonic Financial Trading Down 0.8 %

Shares of NASDAQ:TECTP traded down $0.08 during trading on Thursday, reaching $10.29. 170 shares of the stock traded hands, compared to its average volume of 4,339. The stock has a 50-day moving average of $10.44 and a two-hundred day moving average of $10.38. Tectonic Financial has a 52-week low of $9.95 and a 52-week high of $11.68.

Tectonic Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, February 7th will be given a dividend of $0.3036 per share. The ex-dividend date is Friday, February 7th. This represents a $1.21 dividend on an annualized basis and a yield of 11.80%.

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.