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

Tectonic Financial, Inc. (NASDAQ:TECTP) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,600 shares, a decrease of 29.7% from the February 28th total of 3,700 shares. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is currently 0.9 days.

Tectonic Financial Price Performance

Shares of NASDAQ TECTP opened at $10.45 on Friday. Tectonic Financial has a twelve month low of $9.95 and a twelve month high of $11.68. The firm has a 50-day moving average of $10.45 and a two-hundred day moving average of $10.41.

Tectonic Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, February 7th were issued a dividend of $0.3036 per share. This represents a $1.21 dividend on an annualized basis and a yield of 11.62%. The ex-dividend date of this dividend was Friday, February 7th.

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.