Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Short Interest Up 38.3% in October

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 6,500 shares, a growth of 38.3% from the October 15th total of 4,700 shares. Based on an average daily volume of 8,700 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Dime Community Bancshares

An institutional investor recently bought a new position in Dime Community Bancshares stock. ORG Partners LLC purchased a new stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOMP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,900 shares of the company’s stock, valued at approximately $79,000.

Dime Community Bancshares Price Performance

Shares of DCOMP traded down $0.43 during mid-day trading on Thursday, hitting $19.37. 18,414 shares of the company’s stock traded hands, compared to its average volume of 9,143. Dime Community Bancshares has a 1 year low of $14.86 and a 1 year high of $21.44. The business’s 50-day moving average price is $20.10 and its 200-day moving average price is $18.65.

Dime Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be paid a $0.3438 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.38 annualized dividend and a yield of 7.10%.

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.