Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Short Interest Down 80.9% in December

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,043 shares, a decline of 80.9% from the November 30th total of 5,456 shares. Based on an average daily trading volume, of 13,220 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 13,220 shares, the days-to-cover ratio is presently 0.1 days.

Dime Community Bancshares Trading Up 0.7%

Shares of DCOMP stock traded up $0.13 during trading hours on Friday, hitting $18.00. 12,660 shares of the company’s stock were exchanged, compared to its average volume of 7,674. The firm has a 50 day moving average of $18.68 and a two-hundred day moving average of $19.04. Dime Community Bancshares has a fifty-two week low of $17.05 and a fifty-two week high of $20.75.

Dime Community Bancshares (NASDAQ:DCOMP) last issued its earnings results on Friday, January 28th. The company reported $0.76 earnings per share for the quarter. The company had revenue of $64.37 million for the quarter.

Dime Community Bancshares Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 16th will be issued 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 5.6%.

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.