Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Sees Large Growth in Short Interest

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 6,600 shares, a growth of 560.0% from the September 15th total of 1,000 shares. Based on an average trading volume of 11,500 shares, the days-to-cover ratio is currently 0.6 days.

Dime Community Bancshares Price Performance

Shares of NASDAQ:DCOMP traded up $0.16 on Friday, hitting $20.29. 3,905 shares of the company traded hands, compared to its average volume of 9,239. Dime Community Bancshares has a 52 week low of $14.26 and a 52 week high of $21.44. The stock has a 50 day simple moving average of $19.38 and a 200-day simple moving average of $18.13.

Dime Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th were issued a dividend of $0.3438 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.38 annualized dividend and a dividend yield of 6.78%.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.