OceanFirst Financial Corp. (NASDAQ:OCFCP) Sees Large Drop in Short Interest

OceanFirst Financial Corp. (NASDAQ:OCFCP) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 200 shares, a drop of 90.5% from the October 31st total of 2,100 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is currently 0.1 days.

OceanFirst Financial Price Performance

OceanFirst Financial stock remained flat at $25.20 during mid-day trading on Wednesday. The company’s stock had a trading volume of 3,045 shares, compared to its average volume of 2,713. The company has a fifty day moving average of $25.19 and a 200 day moving average of $24.94. OceanFirst Financial has a fifty-two week low of $22.70 and a fifty-two week high of $25.90.

OceanFirst Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 6.94%. The ex-dividend date was Thursday, October 31st.

OceanFirst Financial Company Profile

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered deposits to retail, government, and business customers.