Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Sees Significant Growth in Short Interest

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 5,000 shares, an increase of 31.6% from the February 13th total of 3,800 shares. Based on an average daily volume of 9,400 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Dime Community Bancshares

A hedge fund recently raised its stake in Dime Community Bancshares stock. ORG Partners LLC increased its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOMP) by 109.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,150 shares of the company’s stock after buying an additional 4,250 shares during the period. ORG Partners LLC’s holdings in Dime Community Bancshares were worth $157,000 at the end of the most recent quarter.

Dime Community Bancshares Stock Performance

DCOMP stock traded down $0.09 during midday trading on Tuesday, reaching $19.47. The company’s stock had a trading volume of 971 shares, compared to its average volume of 7,075. Dime Community Bancshares has a 1 year low of $16.22 and a 1 year high of $21.44. The stock has a fifty day simple moving average of $19.65 and a two-hundred day simple moving average of $19.73.

Dime Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.3438 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.38 annualized dividend and a dividend yield of 7.06%.

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.