Short Interest in Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Expands By 105.0%

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 8,200 shares, an increase of 105.0% from the December 15th total of 4,000 shares. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is presently 0.9 days.

Dime Community Bancshares Stock Performance

NASDAQ:DCOMP traded up $0.39 during trading hours on Thursday, reaching $20.37. The company’s stock had a trading volume of 10,338 shares, compared to its average volume of 7,134. The stock has a 50 day moving average price of $19.56 and a two-hundred day moving average price of $19.29. Dime Community Bancshares has a 12 month low of $14.86 and a 12 month high of $21.44.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a dividend of $0.3438 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date of this dividend was Friday, November 8th.

Hedge Funds Weigh In On Dime Community Bancshares

A hedge fund recently bought a new stake in Dime Community Bancshares stock. ORG Partners LLC acquired a new stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOMP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,900 shares of the company’s stock, valued at approximately $79,000.

About Dime Community Bancshares

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.