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

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 2,700 shares, a decline of 42.6% from the January 31st total of 4,700 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is currently 2.3 days.

MainStreet Bancshares Stock Performance

MNSBP traded up $0.06 on Tuesday, hitting $24.26. 2,455 shares of the company were exchanged, compared to its average volume of 1,176. The stock’s fifty day moving average is $24.29 and its 200-day moving average is $23.83. MainStreet Bancshares has a 12 month low of $21.05 and a 12 month high of $25.22.

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.