Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Short Interest Down 79.5% in March

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 2,633 shares, a decrease of 79.5% from the February 26th total of 12,861 shares. Based on an average daily volume of 4,418 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 4,418 shares, the days-to-cover ratio is presently 0.6 days.

Dime Community Bancshares Stock Performance

DCOMP stock opened at $18.55 on Wednesday. Dime Community Bancshares has a fifty-two week low of $17.05 and a fifty-two week high of $20.75. The company has a 50 day moving average price of $19.15 and a 200 day moving average price of $19.00.

Dime Community Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were given a $0.3438 dividend. The ex-dividend date was Friday, February 6th. This is a positive change 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 7.4%.

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.