OceanFirst Financial Corp. (NASDAQ:OCFCP) Sees Significant Growth in Short Interest

OceanFirst Financial Corp. (NASDAQ:OCFCP) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 5,100 shares, a growth of 183.3% from the March 31st total of 1,800 shares. Based on an average daily trading volume, of 3,400 shares, the days-to-cover ratio is presently 1.5 days.

OceanFirst Financial Trading Up 0.5 %

NASDAQ OCFCP opened at $24.70 on Friday. The business’s 50-day moving average price is $24.54 and its 200 day moving average price is $24.17. OceanFirst Financial has a twelve month low of $18.04 and a twelve month high of $25.88.

OceanFirst Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.4375 per share. The ex-dividend date is Monday, April 29th. This represents a $1.75 annualized dividend and a yield of 7.09%.

About OceanFirst Financial

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.