Short Interest in OceanFirst Financial Corp. (NASDAQ:OCFCP) Expands By 183.3%

OceanFirst Financial Corp. (NASDAQ:OCFCP) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 5,100 shares, an increase of 183.3% from the March 31st total of 1,800 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is presently 1.5 days.

OceanFirst Financial Stock Down 0.6 %

OceanFirst Financial stock traded down $0.16 during mid-day trading on Friday, hitting $24.54. 2,786 shares of the stock were exchanged, compared to its average volume of 3,656. OceanFirst Financial has a 12 month low of $18.04 and a 12 month high of $25.88. The firm’s fifty day simple moving average is $24.53 and its two-hundred day simple moving average is $24.18.

OceanFirst Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.4375 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.75 annualized dividend and a yield of 7.13%.

OceanFirst Financial Company Profile

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered deposits to retail, government, and business customers.