Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Short Interest Up 265.8% in February

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 12,861 shares, an increase of 265.8% from the February 12th total of 3,516 shares. Based on an average daily volume of 6,948 shares, the short-interest ratio is presently 1.9 days. Based on an average daily volume of 6,948 shares, the short-interest ratio is presently 1.9 days.

Dime Community Bancshares Price Performance

Dime Community Bancshares stock opened at $19.37 on Wednesday. Dime Community Bancshares has a 12 month low of $17.05 and a 12 month high of $20.75. The stock has a fifty day simple moving average of $19.04 and a two-hundred day simple moving average of $19.02.

Dime Community Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were issued a $0.3438 dividend. This represents a $1.38 annualized dividend and a yield of 7.1%. The ex-dividend date was Friday, February 6th. This is a positive change from Dime Community Bancshares’s previous quarterly dividend of $0.25.

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.