Short Interest in Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Expands By 694.5%

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 6,237 shares, a growth of 694.5% from the December 31st total of 785 shares. Based on an average daily volume of 7,170 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 7,170 shares, the short-interest ratio is currently 0.9 days.

Dime Community Bancshares Price Performance

Shares of NASDAQ DCOMP opened at $18.88 on Wednesday. The business has a 50 day simple moving average of $18.45 and a 200 day simple moving average of $19.04. Dime Community Bancshares has a 52 week low of $17.05 and a 52 week high of $20.75.

Dime Community Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, February 6th will be issued a $0.3438 dividend. This is a boost 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%. The ex-dividend date is Friday, February 6th.

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.