Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Short Interest Up 265.8% in February

by · The Cerbat Gem

Dime Community Bancshares, Inc. (NASDAQ:DCOMP – Get Free Report) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 12,861 shares, a growth of 265.8% from the February 12th total of 3,516 shares. Based on an average trading volume of 6,948 shares, the days-to-cover ratio is currently 1.9 days. Based on an average trading volume of 6,948 shares, the days-to-cover ratio is currently 1.9 days.

Dime Community Bancshares Stock Down 2.7%

Shares of NASDAQ:DCOMP traded down $0.52 on Thursday, reaching $18.81. 7,699 shares of the company’s stock were exchanged, compared to its average volume of 6,292. The business’s 50-day moving average is $19.07 and its two-hundred day moving average is $19.03. Dime Community Bancshares has a fifty-two week low of $17.05 and a fifty-two week high of $20.75.

Dime Community Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were paid a $0.3438 dividend. The ex-dividend date was Friday, February 6th. This is an increase from Dime Community Bancshares’s previous quarterly dividend of $0.25. This represents a $1.38 dividend on an annualized basis and a yield of 7.3%.

About Dime Community Bancshares

(Get Free Report)

Dime Community Bancshares (NASDAQ:DCOMP) is the bank holding company for Dime Community Bank, a commercial bank headquartered in Hauppauge, New York. The company specializes in originating and servicing commercial real estate loans, with a primary focus on income-producing multifamily, office, retail and industrial properties. In addition to its lending activities, Dime Community Bancshares offers deposit products, cash management services and treasury solutions to small and medium-sized businesses as well as individual customers across its branch network.

The roots of Dime Community Bancshares trace back to the Dime Savings Bank of Williamsburgh, founded in 1864.

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