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 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 trading volume, of 8,700 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Dime Community Bancshares

An institutional investor recently bought a new position in Dime Community Bancshares stock. ORG Partners LLC bought a new position in Dime Community Bancshares, Inc. (NASDAQ:DCOMP) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,900 shares of the company’s stock, valued at approximately $79,000.

Dime Community Bancshares Stock Down 2.2 %

DCOMP stock traded down $0.43 during mid-day trading on Thursday, reaching $19.37. 18,414 shares of the company traded hands, compared to its average volume of 9,143. Dime Community Bancshares has a 52-week low of $14.86 and a 52-week high of $21.44. The company has a fifty day moving average price of $20.10 and a 200-day moving average price of $18.65.

Dime Community Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.3438 per share. This represents a $1.38 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date is Friday, November 8th.

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.