Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Short Interest Up 560.0% in September

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

Dime Community Bancshares Stock Up 0.6 %

DCOMP traded up $0.12 during trading on Friday, hitting $20.25. The company’s stock had a trading volume of 10,168 shares, compared to its average volume of 9,271. Dime Community Bancshares has a one year low of $14.26 and a one year high of $21.44. The business’s 50 day simple moving average is $19.41 and its 200-day simple moving average is $18.15.

Dime Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 8th were issued a $0.3438 dividend. This represents a $1.38 annualized dividend and a yield of 6.79%. The ex-dividend date of this dividend was Thursday, August 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 third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,900 shares of the company’s stock, valued at approximately $79,000.

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.