Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Short Interest Down 24.7% in December

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 785 shares, a decline of 24.7% from the December 15th total of 1,043 shares. Based on an average daily volume of 10,384 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 10,384 shares, the days-to-cover ratio is presently 0.1 days.

Dime Community Bancshares Price Performance

DCOMP stock traded up $0.06 during mid-day trading on Monday, hitting $18.75. The stock had a trading volume of 8,149 shares, compared to its average volume of 7,459. The firm has a fifty day simple moving average of $18.44 and a 200 day simple moving average of $19.06. Dime Community Bancshares has a 52 week low of $17.05 and a 52 week high of $20.75.

Dime Community Bancshares Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, January 16th.

Dime Community Bancshares Company Profile

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.