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

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 6,400 shares, an increase of 28.0% from the February 28th total of 5,000 shares. Based on an average daily trading volume, of 8,000 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Dime Community Bancshares

An institutional investor recently raised its position in Dime Community Bancshares stock. ORG Partners LLC raised its position in Dime Community Bancshares, Inc. (NASDAQ:DCOMP) by 109.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,150 shares of the company’s stock after purchasing 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 Price Performance

NASDAQ DCOMP traded down $0.07 during trading hours on Wednesday, reaching $19.34. The stock had a trading volume of 4,648 shares, compared to its average volume of 8,418. The stock has a fifty day moving average of $19.50 and a 200 day moving average of $19.77. Dime Community Bancshares has a 52-week low of $16.22 and a 52-week high of $21.44.

Dime Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Thursday, February 6th were given a dividend of $0.3438 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.38 annualized dividend and a yield of 7.11%.

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.