Short Interest in Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Decreases By 80.9%

by · The Cerbat Gem

Dime Community Bancshares, Inc. (NASDAQ:DCOMP – Get Free Report) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,043 shares, a drop of 80.9% from the November 30th total of 5,456 shares. Based on an average daily volume of 13,220 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 13,220 shares, the short-interest ratio is currently 0.1 days.

Dime Community Bancshares Stock Down 0.7%

NASDAQ DCOMP opened at $17.89 on Thursday. The company has a 50-day moving average price of $18.72 and a 200-day moving average price of $19.05. Dime Community Bancshares has a 52 week low of $17.05 and a 52 week high of $20.75.

Dime Community Bancshares (NASDAQ:DCOMP – Get Free Report) last posted its quarterly earnings data on Friday, January 28th. The company reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $64.37 million during the quarter.

Dime Community Bancshares Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Friday, January 16th.

About Dime Community Bancshares

(Get Free Report)

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.

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