Short Interest in Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Grows By 105.0%

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 8,200 shares, an increase of 105.0% from the December 15th total of 4,000 shares. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is presently 0.9 days.

Dime Community Bancshares Price Performance

Shares of Dime Community Bancshares stock traded up $0.39 on Thursday, hitting $20.37. The company’s stock had a trading volume of 10,338 shares, compared to its average volume of 7,134. Dime Community Bancshares has a 52-week low of $14.86 and a 52-week high of $21.44. The firm has a fifty day moving average price of $19.56 and a 200-day moving average price of $19.29.

Dime Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a $0.3438 dividend. This represents a $1.38 annualized dividend and a dividend yield of 6.75%. The ex-dividend date of this dividend was Friday, November 8th.

Institutional Inflows and Outflows

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

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.