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Mercantile Bank Co. (NASDAQ:MBWM) Sees Significant Decrease in Short Interest

Summary by marketbeat.com
Mercantile Bank Co. (NASDAQ:MBWM - Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 126,200 shares, a decrease of 22.1% from the October 15th total of 162,000 shares. Based on an average trading volume of 60,600 shares, the short-interest ratio is presently 2.1 days. Currently, 0.8% of the shares of the stock are sold short.
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