Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Short Interest Update

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 785 shares, a decrease of 24.7% from the December 15th total of 1,043 shares. Based on an average daily volume of 10,384 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 10,384 shares, the short-interest ratio is presently 0.1 days.

Dime Community Bancshares Price Performance

Shares of NASDAQ DCOMP traded up $0.06 during midday trading on Friday, reaching $18.75. The company’s stock had a trading volume of 8,149 shares, compared to its average volume of 7,459. The firm has a 50 day moving average price of $18.44 and a 200-day moving average price of $19.06. Dime Community Bancshares has a 12-month low of $17.05 and a 12-month high of $20.75.

Dime Community Bancshares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $1.00 annualized dividend and a yield of 5.3%.

About Dime Community Bancshares

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.