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

OceanFirst Financial Corp. (NASDAQ:OCFCP) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 5,100 shares, an increase 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 currently 1.5 days.

OceanFirst Financial Price Performance

OCFCP stock traded down $0.16 during trading on Friday, hitting $24.54. The company had a trading volume of 2,786 shares, compared to its average volume of 3,656. The company has a fifty day moving average price of $24.53 and a two-hundred day moving average price of $24.18. OceanFirst Financial has a fifty-two week low of $18.04 and a fifty-two week high of $25.88.

OceanFirst Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.4375 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.75 annualized dividend and a yield of 7.13%.

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.